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Interest Rate Cut
April 5 , 2019
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- The Reserve Bank of India (RBI) cut its repo rate by 25 basis points to 6% and lowered the GDP forecast to 7.2% for the current financial year from 7.4% projected earlier.
- Repo rate is the rate at which RBI lends money to commercial banks.
- This is the second consecutive rate cut from RBI under new Governor Shaktikanta Das.
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