The Reserve Bank of India, RBI cuts repo rate by 25bps to 5.75% from 6% on 6th June 2019. RBI also decided to change the stance of monetary policy to accommodative from neutral and lowered GDP growth forecast to 7% from 7.2%, in its second Bi-monthly monetary policy meet of the financial year 2019-20.
RBI cuts repo rate by 0.25% to 6% on 4th April 2019. RBI has also maintained the policy stance neutral and lowered the retail inflation and GDP forecasts.
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