/ -- "Monetary Policy Committee (MPC) has reinforced its intent to provide growth stimulus by the second consecutive reduction in repo rate by 25 basis points (bps). This will provide the much need stimulus to the economy that has witnessed some moderation in the pace of growth. It will also boost investments which have off late shown green shoots of recovery. The uncertainty on crude oil price movement, likely effect of El Nino and slowdown in global growth have prompted MPC to take a more cautious stance.
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