RBI cuts FY16 real GDP growth estimate to 7.4 per cent
Reserve Bank of India
RBI cuts policy rate by 0.5 per cent to 4-year low of 6.75 per cent. RBI cuts FY16 real GDP growth estimate to 7.4%; expects pick up towards the latter part of the fiscal. RBI says inflation is expected to reach 5.8% in January 2016.
( Source : PTI )
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