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RBI lowers GDP outlook to 6.1% and cuts repo rate by 25 bps

The Reserve Bank of India’s Monetary Policy Committee (MPC) once again slashed key repo rate by 25 basis points. This is the fifth time that the committee revised the repo rate this year. The repo rate or the rate at which RBI lends to banks has been revised to 5.15 per cent from 5.40 per […]