Reducing Rev Repo by 0 pb will mean that banks will have to now lend to their customers...they cannot park it with RBI as it becomes a losing trade...
Banking circles seem to be very happy with these announcement calling it "Bazooka"of concessions....
Smart_trade
Banking circles seem to be very happy with these announcement calling it "Bazooka"of concessions....
Smart_trade
Liquidity will increase on the bright side.