MPC meeting was advanced by at least two weeks and voted for a 40 basis points reduction in the benchmark policy rate to 4 per cent as growth took precedence over inflation. This was the second consecutive rate cut since the lockdown following the COVID-19 pandemic.source https://economictimes.indiatimes.com/industry/banking/finance/banking/waiting-for-mpc-schedule-could-be-costly-and-irreversible-rbi-guv/articleshow/76220087.cms
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