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Raghuram Rajan Surprises Again, Cuts Rate to 4-Year Low | Read

PUBLISHED ON: September 29, 2015 | Duration: 35 min, 38 sec

  
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Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 50 basis points to a four-year low of 6.75 per cent in a surprise move. Most analysts polled by Reuters expected the central bank to slash rates by 25 basis points.
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