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Monetary Policy Statement
August 9 , 2019
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- As per advice of Monetary Policy Committee (MPC) Reserve Bank of India has cut Repo rate by 35 basis points to 5.40 %.
- It will make bank loans cheaper.
- This was the fourth consecutive time that the MPC reduced the rates.
- This move is with the objective of
- Achieving the medium-term target for consumer price index (CPI) inflation of 4 %
- Supporting Growth.
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