Newsmakers: RBI cuts rates, Facebook clarifies 'Digital India' pic and more - Photos-1
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Newsmakers: RBI cuts rates, Facebook clarifies 'Digital India' pic and more

Key business news events for the day
Raghuram Rajan surprises with 50 bps rate cut: The RBI Governor Raghuram Rajan on Tuesday surprised with a 50 basis points cut in the policy rate - the short  term lending (repo) rate - from 7.25 per cent to 6.75 per cent. The expectations in the market was for a quarter basis points. This is in all probability the last reduction  for 2015 year.

PHOTO: Reuters
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