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RBI Monetary Policy: Reserve Bank of India cuts repo rate by 25 bps, changes policy stance to “accommodative”

Updated : June 06, 2019 02:07 PM IST

The six-member monetary policy committee (MPC) cut the repo rate to 5.75 percent as predicted by all 5 economists polled by CNBC-TV18 last week.a
Today's RBI meeting is third in a row since February that the central bank has cut interest rates.
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