The Reserve Bank of India (RBI) today cut the repo rate by 25 basis points to 5.75 per cent.
The repo rate cut triggered off a rally in the prices of government securities, with prices at the longer end going up almost by Re 1. The yield on the benchmark 10-year paper which was pegged at around 7.65 per cent on Monday came down to around on 7.40 per cent today after dipping to 7.33 per cent.
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