RBI MPC meet: Why repo rate was cut by larger-than-expected 50 basis points; RBI governor Sanjay Malhotra explains

RBI MPC meet: Why repo rate was cut by larger-than-expected 50 basis points; RBI governor Sanjay Malhotra explains

RBI MPC Meet: RBI governor Sanjay Malhotra surprised everyone pleasantly by cutting the repo rate by a larger-than-expected 50 basis points. Experts had widely predicted a 25 basis points rate cut,

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