Mumbai – The RBI-led Monetary Policy Committee (MPC) on Friday concluded its three-day meeting and unanimously decided to cut the policy repo rate by 25 basis points to 5.25%, according to Governor Sanjay Malhotra.Consequently, the standing deposit facility (SDF) rate was revised to 5% from 5.25%, while both the marginal standing facility (MSF) rate and the Bank Rate were revised down to 5.5% from 5.75%.
It also revised India’s GDP forecast for FY2025-26 . . .
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