RBI cuts repo rate by 35 basis points

The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Wednesday lowered its repo rate by an unconventional 35 basis points to 5.4%. This is the fourth reduction in a row of its key policy rate since Shaktikanta Das took over as the governor of the central bank in December last year. All members of the MPC unanimously voted to reduce the policy repo rate and to maintain the accommodative stance of monetary policy.…

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