News From Press RBI policy surprise: Should you change your mutual fund strategy?

RBI policy surprise: Should you change your mutual fund strategy?

RBI today surprised everyone by keeping the policy rates unchanged, contrary to expectations of 15-25 bps cut.

Economic Times Dec 6, 2019

The Reserve Bank of India (RBI) on Thursday surprised the money market participants, who were anticipating a 15—25 basis points cut in key policy rates, and held the policy rates in its monetary policy review. The banking regulator paused, after five straight previous cuts, and kept its key policy rate, the repo rate -- the rate at which it lends to banks-- unchanged at 5.15%.

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