...Historically speaking, changes have not always been made in multiples of 25 basis points. RBI had lowered the repo rate from 7.5 per cent to 7.1 per cent on March 7, 2003, and again in the same month on March 19, 2003, the repo rate was reduced by 10 bps to 7 per cent. This time, it should be a move in the opposite direction......
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