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RBI's change in stance as good as additional 25 bps rate cut, says Shaktikanta Das

Updated : July 22, 2019 11:34 AM IST

While the RBI has cut rates 75 bps since the start of 2019, banks have only eased their key rate by 15-20 bps.
Das also said future policy decisions will depend on incoming data, particularly inflation.
The RBI's next policy meeting is on August 7.
RBI's change in stance as good as additional 25 bps rate cut, says Shaktikanta Das
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