Thursday 28 January 2016

RBI rate reduction does not impact sovereign rating: S&P

The Standard & Poor's today said that RBI rate reduction does not affect the sovereign rating of India.



The Standard & Poor's Ratings Services today said that RBI rate reduction does not affect the sovereign rating of the country in any way. Further, the banking sector in India is relatively well regulated compared with the peer banking system, it added. Details to follow soon.

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