The Monetary Policy Committee (MPC) Friday unanimously decided to slash the repo rate by another 40 basis points from 4.4 per cent to 4 per cent, Reserve Bank of India (RBI) Governor Shaktikanta Das said. The decision was taken to revive growth and mitigate the impact of the coronavirus pandemic. The announcement came following a three-day off-cycle meeting of the MPC, held between May 20 and 22
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