RBI cuts repo rate by 25 basis points to boost economic growth

The six-member monetary policy committee (MPC) headed by Governor Shaktikanta Das announced the decision after a three-day meeting. GDP growth slumped lower to 5% in the April to June quarter as against a 8% in the year-ago period. The Reserve Bank of India (RBI) on Friday cut repo rate for the fifth consecutive time this … Continue reading RBI cuts repo rate by 25 basis points to boost economic growth