TNI Bureau: The Reserve Bank of India kept the Cash Reserve Ratio (CRR) and repo rate unchanged. The central bank would bring a huge relief to the loan takers as it hinted at the rate cut in the third quarter policy review, which is slated on January 29.
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As per the latest policy rates, the repo rate were at 8% and CRR was at 4.25%.
The RBI on Tuesday hinted at easing of rates in January as the inflation seems to have declined. It also lauded the government’s economic reforms and policies.