RBI reduces interest rates by 25 basis points to 5.75 percent
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) reduced interest rates by 25 basis points to 5.75% with immediate effect amid slowing economic growth and rising global uncertainty, for the 3rd time in a row. RBI Governor Shaktikanta Das announced it in the second bi-monthly monetary policy statement for 2019-20. Purpose: The reduction is expected to bring down […]
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