RBI cuts interest rates by 0.25%

NewsX 2019-03-02

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The benchmark BSE Sensex today surged to by more than 400 points to cross 30,000 mark for the first time as the Reserve Bank of India cut short-term lending rate (repo rate) by 0.25 per cent to 7.5 per cent with immediate effect. NSE Nifty zoomed to hit a lifetime high of 9,119.20 in opening trade.

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