Rbi repo rate: With GDP growth reaching a 6-year low of 4.5% in the July-September quarter, speculation was rife that the Reserve Bank would once again cut interest rates, but policy rates change after a three-day policy meeting Not done. Although, the central bank lowered the GDP growth rate from 6.1% to 5% for the current fiscal year and raised the inflation rate from 3.5% to 3.7%.
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Already, efforts were being made to cut policy rates. The 6-year low of GDP growth stood at 4.5 percent in the July-September quarter. Because of this, people's concerns about the economy increased. However, positive news came on both the manufacturing and service PMI fronts in November.