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Monetary Policy Committee Review
October 6 , 2019
1749 days
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- The Monetary Policy Committee of the RBI has announced cut in the key policy rates.
- For the fifth consecutive time this calendar year, the central bank cut the repo rate by 25 bps and the reverse repo by 25 bps (100 bps = 1 per cent).
- Now the repo rate stands at 5.15 per cent and reverse repo rate at 4.90 per cent.
- It also revised its growth forecast for the current financial from 6.9% to 6.1%.
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