RBI's MPC slashes repo rate once again, raises hope for more such cuts

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While a lowering of the rate was widely expected, the unanimous change in stance from ‘neutral’ to ‘accommodative’ took us by surprise.

The MPC noted that inflation is currently below target, supported by a sharp fall in food inflation, and the inflation outlook is promising given likely robust kharif arrivals and lower crude oil prices.

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Category: BusinessFinance

Markets: India

Topics: RBI Repo rate Interest Rates RBI governor Price stability MPC Inflation

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-10 @ 00:01:13 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 150 words

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Sentences: 7 lines

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News ID: 27761411

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