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RBI MPC begins policy deliberations amid rate cut hopes; decision on June 6
The RBI's Monetary Policy Committee convened amidst expectations of a policy rate cut to bolster economic growth, influenced by global uncertainties. Analysts anticipate a 25-50 bps reduction in the repo rate, currently at 6%, following previous cuts. Experts believe easing rates will stimulate consumer spending, investment, and credit flow to MSMEs.
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