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Business News›News›India›Amid softening dollar & global trade war, RBI cuts repo rate by 25 bps, adopts accommodative stance
Amid softening dollar & global trade war, RBI cuts repo rate by 25 bps, adopts accommodative stance
The RBI MPC has cut the repo rate by 25 bps to 6% with immediate effect and shifted its policy stance to ‘accommodative’. This move comes amid a softening dollar and improving global market conditions, signaling support for economic growth and liquidity in the system.
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