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RBI Governor Sanjay Malhotra on Wednesday announced a 25 basis cut in the policy rate from 6.25 per cent to 6 per cent and change in monetary policy stance from neutral to accommodative to accelerate economic growth.

RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth

The average marginal lending rates of the bank have risen from 10.38 percent in January to 10.42 percent in April

RBI cuts Repo Rate by 25 basis points, EMI rate to decrease

RBI slashed repo rate that is the rate at which RBI lends to Commercial Banks, by 6%

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RBI cuts repo rate by 25 basis points, switches to accommodative stance to spur growth

RBI cuts Repo Rate by 25 basis points, EMI rate to decrease

Highlights: RBI’s Monetary Policy announced