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Larger-than-expected surprise: RBI cuts repo rate by 50 bps to 5.5%; EMIs to come down
RBI MPC Meeting: In a move to boost loan access, the RBI has slashed the repo rate by 50 basis points, bringing it down to 5.5%. This marks a cumulative 100 basis point reduction since February. While the RBI signals limited room for further cuts by shifting to a 'neutral' stance, this decision arrives amidst a backdrop of India's robust 7.
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