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RBI Monetary Policy: MPC cuts repo rate, reverse repo rate by 25 bps

Updated : August 06, 2019 10:05 AM IST

The reverse repo rate has also been adjusted to 5.75 percent. The central bank maintained the stance to neutral.
The repo rate is back at 6 percent after a year.
Four out of six members were in favour of the 25 bps rate cut while five out of six members were in favour of keeping the maintaining the neutral stance.
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