* CHRONICLE - PENSIONERS CONVERGE HERE, DISCUSS ISSUES OF THEIR CHOICE * CHRONICLE - WHERE EVEN THE CHAT COLUMN PRODUCES GREAT DISCUSSIONS * CHRONICLE - WHERE THE MUSIC IS RISING IN CRESCENDO !
               
                                   

Thursday, January 15, 2015

RBI surprises with repo rate cut; festive mood in markets

The Reserve Bank of India (RBI) on Thursday cut the repo rate -- the rate at which it lends to commercial banks -- from 8% to 7.75%, in a move that is expected to boost market sentiments and add momentum to economic growth.
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