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Top 5 biz headlines: Repo rate unchanged, P2P lending limit raised & more

From RBI's surprise on repo rate to the Reserve Bank raising the lending limit of Peer-To-Peer platforms five-fold, Business Standard brings you the top headlines of the day

BS Web team 

1) RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5% Springing a surprise, the monetary policy committee of the Reserve Bank of India (RBI) maintained the repo rate at 5.15 per cent points (bps) in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. However, GDP growth forecast for FY20 was slashed to 5 per cent from 6.1 per cent.

The three-day rate-setting meet started on Tuesday (December 3). In its October meet, the RBI had cut interest rate by 25 bps to 5.15 per cent. Read here 2) RBI raises P2P lending ...

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First Published: Thu, December 05 2019. 16:26 IST
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