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RBI may go for 25 bps rate cut on April 4

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will meet for three days in Mumbai and announce the decision on interest rate on April 4. The RBI may cut key lending rates by another 25 basis points to boost economic activities amid fears of global slowdown impacting domestic growth prospects, experts said. The RBI had reduced the repo rate by 25 basis points in February to 6.25% after a gap of 18 months.

Read More at The Economic Times News date : 1 Apr 2019, Monday

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