Finance, Forex and Investments

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Summary: the Reserve Bank of India hiked the Repo Rate by 25 bps to 7.5%. The statement which was very much on expected lines left CRR and Reverse Repo rate unchanged at 5.5% and 6% respectively. Speaking on the move, MBN Rao, the CMD of Canara Bank says that they need to see the increase in the repo rate in the context of actually increasing the Reserve money supply. He observes

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