The Reserve Bank of India on Thursday announced a 25 basis points (0.25%) cut in repo rate (the rate at which it lends to banks), the third rate cut in a row. The repo rate now stands at 5.75%, the lowest since July 2010. The central bank also revised its GDP growth expectations for 2019-20 downwards from 7.2% earlier to 7% now.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2IrzewH
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