....RBI has decreased repo rates as it wants to kickstart the growth in the Indian economy, which as the numbers reveals is clearly slowing down. For example the growth numbers for the Indian economy has slipped from 7.7% in the first quarter, to 6.9% in the second quarter and further to 6.1% in the third quarter. Many believe that one of the reasons for this slowdown is the high interest rates prevailing in the economy. By reducing the repo rate by 50 basis points, RBI has indicated that it is tackling this issue of high interest rates..............
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