The People’s Bank of China has cut the seven-day reverse repo rate to 1.7% from 1.8%, and would also improve the mechanism of open market operations Related posts: Twelve Naxals killed in gunfight with police in Maharashtra Retd. judge Chandru unable to put up with objections: Annamalai Morning Digest: 12 militant groups operating in Jammu, say Army sources; Karnataka halts jobs-for-locals Bill after adverse reaction from industry, and more IMD forecasts heavy rains in Kerala, puts Wayanad and Kannur districts on red alert
