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RBI likely to go for inter
March 12, 2020 | By Moneycontrol.com
business
Before taking a pause in December 2019, the RBI reduced the repo rate by a cumulative 135 basis points since February 2019.
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With heightened risk of deterioration in global growth, the RBI is likely to go for an inter-meeting repo rate cut of 25-40 basis points, says a report. On Wednesday, the World Health Organization (WHO) officially declared the coronavirus outbreak a pandemic.
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