RBI repo rate: Shaktikanta Das debuts as RBI guv with surprise rate cut BingPedia

MUMBAI: Unveiling his maiden monetary policy on Thursday, RBI governor Shaktikanta Das announced a quarter percentage point rate cut, citing lower-than-expected inflation. It was the first rate cut in 18 months, and came after two rate increases in the interim period. The decision to reduce rates was a split one. …

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