RBI reduces Bank Rate to 10% - RBI

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Published on April 02, 1998

RBI reduces Bank Rate to 10%

The Reserve Bank of India has reduced the Bank Rate by one half of one percentage point, i.e. from `10.5 per cent per annum' to `10.0 per cent per annum' with effect from the close of business on April 2, 1998.

(Alpana Killawala)
General Manager

Press Release : 1997-98/923

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