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Reserve Bank Of India cuts repo rate to 5.75% in a bid to boost slowing economy

The Reserve Bank of India (RBI) slashed it’s lending rates for commercial banks by 25 basis points (bps) to 5.75 percent on Thursday, in a bid to make home and other loans cheaper. The central bank’ decision was announced by the governor Shaktikanta Das, amidst the concerns of a slowing economic growth and global uncertainty. […]