RBI Cuts Repo Rate By 25 Basis Points

The Reserve Bank of India (RBI) cut its bechmark repo rate by 25 basis points (bps) to 6.25%. This was the first rate cut by the central bank since August 2017. The central bank has also changed its monetary policy stance to "neutral" from "calibrated tightening" as inflation stood below the central bank's 4% target.

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