RBI cut the repo rate by 40bps. More steps by the central bank are likely to follow over the next few months, but now the focus could move more towards those who have not benefitted much from previous steps.
By Pranjul Bhandari & Aayushi Chaudhary
In a move that came a fortnight before schedule, the MPC delivered a 40bps repo rate cut, taking the repo rate to 4%. All six members voted for a rate cut, and five of the six voted for the 40bps ...
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