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RBI may go for 25 bps rate cut on April 4

Updated : April 02, 2019 05:46 PM IST

The RBI had reduced the repo rate by 25 basis points in February after a gap of 18 months. A back-to-back cut in interest rate would provide relief to borrowers in the election season.
The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will meet for three days in Mumbai and announce the decision on the interest rate on April 4.
RBI may go for 25 bps rate cut on April 4
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