⚡RBI Cuts Repo Rate by 50 Basis Points to 5.5%, Changes Policy Stance to Neutral
By IANS
RBI Governor Sanjay Malhotra on Friday announced a jumbo 50 basis points cut in the repo rate from 6 per cent to 5.5 per cent to spur growth in the economy, as inflation has come down below the lower RBI band of 4 per cent.