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Experts' Take

Gaurav Gupta, General Secretary, Credai RNE

Gaurav Gupta

“With the announcement of 25 bps rate cut, the RBI has lessened its rate corridor from 100 bps to 50 bps. With this the policy rates came down to 6.5 pc which is the lowest since 2011. The reduction of CRR to 90 per cent is also a positive signal that economy is on recovery path.”