Business

RBI Cuts Interest Rates by 0.35%, Revises GDP Projection

RBI cuts interest rates by 0.35 per cent.

RBI trims GDP growth forecast for current fiscal to 6.9 pc from 7 pc previously predicted.

RBI maintains accomodative stance for monetary policy; says inflation to remain within targeted band.

CPI inflation is projected at 3.1 per cent for Q2 FY20 and 3.5-3.7 per cent for H2 FY20

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