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Shares of debt-laden companies like Lanco Infratech, Vedanta jump after RBI's rate cutShares of highly-leveraged companies such as Lanco, Vedanta have surged up to 35 per cent since the RBI cut interest rates by 50 basis poin...- RBI keeps key rates unchanged, cuts SLR by 50 bpsThe upside risks to target CPI inflation below 8% by Jan 2015 remain, although overall risks are more balanced than in Jun, the RBI said.
- SLR cut is a planning for the future, says RBI governor Raghuram RajanGovernor Rajan said that reduction in SLR might not spur credit growth immediately but it would enable banks to meet credit demand.
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