RBI Monetary Policy: Repo rate trimmed by 25 bps, growth in focus— 5 key takeaways from April MPC meeting

RBI Monetary Policy: Keeping some powder dry for global uncertainties and weather-related disruptions, the Reserve Bank of India (RBI) refrained from a deeper rate cut and reduced the repo rate by 25 basis points as expected on Wednesday, April 9. The six-member Monetary Policy Committee (MPC) of the RBI voted unanimously to cut the repo rate by 25 bps to 6 per cent, effective immediately.

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