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Business Tit-Bits

Business Tit-Bits: Interest rate cut, so what?


In an effort to give a boost to the the economy, the Reserve Bank of India (RBI) on Friday reduced its key policy rate for the fifth time in a row. The RBI has reduced the repo rate by 25 basis points to 5.15 per cent in the review meeting of this Monetary Policy Committee (MPC), bringing the total reduction in the repo rate to 135 basis points this year. Earlier this rate was 5.40 per cent. #RBI #MPC #RepoRate

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