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RBI cuts repo rate; SBI, HDFC, ICICI to remain ‘too big to fail’ banks, & more

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Business Standard

The RBI’s six-member MPC cut the repo rate by 25 bps to 5.25% and kept the policy stance neutral. It also announced ₹1 trillion in OMO purchases and a $5 billion three-year buy/sell swap to support liquidity.

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