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RBI cuts repo rate by 25 basis points: Here's what it means for you

Updated : June 07, 2019 09:09 AM IST

The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points on Thursday, in a widely expected move and shifted its policy stance to “accommodative” from “neutral” to boost a slowing economy.

The six-member monetary policy committee (MPC) cut the repo rate, or the rate at which the RBI lends money to commercial banks, to 5.75 percent as predicted by all 5 economists polled by CNBC-TV18 last week.

What does it mean for you? CNBC-TV18's Latha Venkatesh explains...

 
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