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Watch: RBI MPC slashes GDP projection, announces 5th consecutive rate cut of 25 bps

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At a press meet after the three-day Monetary Policy Committee meet, RBI Governor Shaktikanta Das announced the fifth consecutive repo rate cut of 25 basis points while maintaining an accommodative stance and slashing projected GDP for ro19-20 from 6.9% to 6.1%. Here are the key announcements from the press meet. Watch

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