Monsoon clouds future rate cuts
Here's why RBI decided to cut the repo rate by 25 basis points on Tuesday
Business Standard New Delhi The Reserve Bank of India (RBI) delivered its third interest rate cut since January, which brought down the repo rate to 7.25 per cent - from a high of 8 per cent in December 2014.
Here's why RBI decided to cut the repo rate by 25 basis points on Tuesday: