RBI MPC minutes: Economic activity losing traction, several uncertainties to baseline inflation, says Shaktikanta Das
Updated : August 06, 2019 10:05 AM IST
India’s economy grew at 5.8 percent in the January-March quarter of FY19, dragging down the overall growth rate for the year to 6.8 percent.
In its June meeting, the RBI MPC reduced the key repo rate by 25 basis points to 5.75 percent and changed the stance to ‘accommodative’ from ‘neutral’ in order to boost the flagging economy.
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