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RBI likely to cut repo rate by 25 bps to counter mounting growth concerns

The RBI is likely to cut the benchmark policy repo rate by another 25 bps this week amid mounting growth concerns. The central bank’s Monetary Policy Committee (MPC) will decide rates this Wednesday. India lost its spot as the fastest growing major economy tag to China, reporting a 5.8% growth in the January-March quarter as consumption demand slowed. India has slipped to the seventh place in the global GDP rankings in 2018. 

Read More at The Economic Times News date : 5 Aug 2019, Monday

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