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RBI needs to go for large rate cut in June, says SBI report

Updated : May 15, 2019 07:22 AM IST

The Reserve Bank of India (RBI) had cut the key short term lending rate (repo) by 25 points each in its last two policy reviews and is slated to announce the next bi-monthly policy on June 6.
"Are we currently facing a quasi growth slowdown? The apparent nervousness is clearly reflected in the trends exhibited in key stock indices," said the SBI's research report 'Ecowrap'.
RBI needs to go for large rate cut in June, says SBI report
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