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In Pictures: RBI monetary policy highlights

Updated : October 04, 2019 05:13 PM IST

The Reserve Bank of India has cut the benchmark lending rate for the fifth time this year in order to revive the ailing economy. The RBI's Monetary Policy Committee in its fourth bi-monthly meeting reduced the repo rate by 25 basis points to 5.15 percent. The central bank has also lowered the growth forecast for the fiscal year 2019-2020. Shaktikanta Das said the RBI will maintain its current "accommodative" policy stance "as long as it is necessary" to revive growth.

Published : October 04, 2019 05:13 PM IST
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