RBI cuts repo rate by 25 bps to 7.5%, keeps CRR unchanged

The Reserve Bank of India (RBI) on Wednesday morning announced a surprise cut in repo rate. The central bank has slashed the repo rate by 25 basis points to 7.50 percent from 7.75 percent.The move comes days after Finance Minister Arun Jaitley unveiled the Union Budget 2015-16 in Parliament.

Mar 04, 2015, 10:28 AM IST