RBI slashes rate by 0.25% to revive growth
(Source – The Hindu, International Edition – Page No. – 1) Topic: GS3 – Indian Economy Context ● The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25%, marking the first cut since May 2020. Repo Rate Cut After 57 Months This…