Union Bank slashes PLR, call rates fall to 7%, Re appreciates (Express India)
Story date: 2008-11-03 04:14:37
Added on: 2008-11-03 18:03:19
Banks and money markets responded positively on Monday to the extensive liquidity measures taken by the Reserve Bank of India during the weekend. On Saturday, the RBI slashed the repo rate by 50 basis points to 7.5% with effect from November 3.
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