[Investors Please Listen] Monetary Stimulus

In view of the current global& domestic macro economic situation RBI has cut the repo & reverse repo rate by 50 bps. Repo rate reduced from 5.5% to 5% Reverse repo rate cut from 4% to 3.5% This is the 5th time RBI has cut rates since oct 2008 Rate cut is expected to provide cheaper money & accelerate credit Banks are expected to reduce their PLR

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