RBI cuts repo rate by 25 bps:
Posted: Fri Jan 18, 2013 11:18 pm
RBI doing change in their policy it reduce repo rate by 25 basis points. The repo rate has been unchanged at 8.0 percent since April, putting India's interest rates among the highest among major economies. The reason is that RBI see some inflation in global market & it’s likely to continue in 2013.