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  title  Market News Updates
RBI cuts Repo Rate by 25 bps to 5.15% ; maintains “Accommodative” stancePosted on: 07/10/2019 6:52 pm
In its fourth Bi-Monthly monetary policy statement, as broadly expected, the MPC unanimously voted to reduce the Repo rate for the fourth consecutive time in the current FY by 25 bps to 5.15%. With this, the cumulative rate cuts during the FY 2019-20 stand at 110 bps and the underlying monetary stance continues to be accommodative in order to revive growth.