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5 months ago

RBI credit policy: MPC cuts repo rate by 35 bps to 5.40%, maintains accommodative stance


The Reserve Bank of India (RBI) cut the repo rate by 35 basis points (100 bps=1 percentage point) to 5.4 percent on August 7 -- the lowest in the last nine years

Real GDP growth for 2019-20 has been revised downwards to 6.9 percent from 7 percent in the June policy

Loan EMIs likely to come down after rate cut

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