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Jaitley Welcomes Repo Rate Cut Of 50 Bps Bringing It To 6.75% By Rbi

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New Delhi, Sep 29 (ANI): Union Finance Minister Arun Jaitley on Tuesday welcomed the repo rate cut of 50 bps bringing it to 6.75% by RBI. Jaitley apprised that a constant vigilance is required to regulate inflation though this rate itself indicates that inflation has moderated. The Chief Economic Advisor Arvind Subramanian also expressed that it is very positive that RBI is more accommodative for the dynamism that persists. Reserve Bank of India Governor Raghuram Rajan declared on Tuesday in Mumbai that RBI has cut the Repo Rate by 50 bps to 6.75 percent while the Cash Reserve Ratio (CRR) has remained unchanged at 4 percent while announcing the 4th Bi-Monthly Monetary Policy Statement for 2015-16.

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