Mumbai:
Reserve Bank of India Governor Raghuram Rajan said he expected to see banks lower lending rates heading into a new fiscal year in April after the central bank unexpectedly cut interest rates on Wednesday.
The comments, in a teleconference call with analysts, came after the RBI cut its policy repo rate by 25 basis points to 7.50 per cent, its second rate cut in two months.
© Thomson Reuters 2015
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