RBI MPC cuts repo rate by 50 basis points to 5.5%, changes stance to neutral

RBI MPC cuts repo rate by 50 basis points to 5.5%, changes stance to neutral

The Reserve Bank of India’s Monetary Policy Committee (MPC) decided to cut repo rate by 50 basis points to 5.5 percent from 6 percent earlier. The jumbo rate cut comes after two successive rate cuts

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