Chennai: Reserve Bank of India Governor Shaktikanta Das while addressing the media today announced that the repo rate has been cut by 75 basis points to 4.4 per cent.
RBI advances monetary policy committee meeting to March 25-27, he said. Speaking to reporters in Mumbai, he said monetary policy committee voted 4:2 majority to cut repo rate by 75 basis points to 4.4 per cent.
(This is a developing story. Stay tuned for updates)