RBI cuts key lending rate by 25 bps to 5.75%

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Mumbai : Policenama Online – In the second bi-monthly monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 5.75 per cent.

The rate cut decision came after the central bank’s Monetary Policy Committee (MPC) concluded its second bi-monthly monetary policy review for 2019-20. The decision of the rate cut was unanimous.

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