A 50 basis points repo rate cut and a slew of policy measures announced by the Reserve Bank of India in the recent monetary policy review could attract an average annual flow of Rs 48,000 crore in government bonds from overseas investors for the next few years, says a report.In a surprise move, the RBI last week reduced repo rate by 50 basis points to 6.75 per cent from 7.25 per cent.According to India Ratings, a domestic rating agency, the RBI's front loaded monetary action and accompanying policy changes has significant positives for fixed income and the rupee.

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