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    40 bps repo rate cut, negative GDP outlook, says Shaktikanta Das at RBI Gov PC

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    The Reserve Bank of India on Friday announced a surprise 40 basis points repo rate cut in an off-cycle policy review. RBI Governor Shaktikanta Das announced the decision of the Monetary Policy Committee at a press conference. He also said that the GDP growth for FY21 is expected to be in negative territory.

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    The Economic Times