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RBI unexpectedly cuts key rate by 40bps to 4.0% in May

Updated: 22 May. 2020 | 06:42

At a press conference held on Friday, the Reserve Bank of India (RBI) Governor Shaktikanta Das unexpectedly announced a cut to the key repo rate by 40 basis points (bps) to 4.0% while the reverse repo rate was slashed to 3.35%.

more to come ….

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