RBI may cut reverse repo to push credit flow

About three-fourths of the survey respondents believe the central bank will cut the reverse repo rate by 15-35 basis points (bps). The reverse repo, or the rate at which banks are parking surplus money with the central bank, is now at 3.35 per cent. A basis point is 0.01 percentage point.

from Markets-Economic Times https://ift.tt/31doVpy