New RBI governor’s first policy review: RBI cuts repo rate by 25 basis points to 6.25%

New RBI governor's first policy review: RBI cuts repo rate by 25 basis points to 6.25%
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India’s central bank on Thursday unexpectedly lowered interest rates and, as anticipated, shifted its stance to “neutral” from “calibrated tightening” to boost a slowing economy after a sharp fall in the inflation rate.

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