The Reserve Bank of India has kept both repo and reverse repo rate, unchanged at 6 per cent and 5.75 per cent in the monetary policy review meet today. The statutory liquidity ratio (SLR) has been cut by 50 basis points (bps). The banking regulator had cut the policy rates by 25 bps in its last policy review in August. The central bank had cut policy rates only once after it changed its stance from accommodative to neutral in February.
"There is no credit growth frankly. So, 50 b ..
