October 4, 2016 / 12:32 PM / 10 months ago

BRIEF-India cenbank announces change in bank rate

Oct 4 (Reuters) - Reserve Bank of India:

* Penal interest rates on shortfall in reserve requirements revised to bank rate plus 3 percentage points or bank rate plus 5 percentage points Source text: bit.ly/2dsnHy7 (Bengaluru newsroom)

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