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RBI cuts repo rate by 25 basis points to 6.5%

The Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 6.5 per cent from 6.75 per cent, with immediate effect. It was announced in the first bi-monthly monetary policy review of the RBI for the 2016-17 fiscal. First bi-monthly monetary policy for the 2016-17 says Repo rate: RBI has ..

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