RBI goes for a fifth straight rate cut2 min read . Updated: 04 Oct 2019, 11:17 PM IST
- Central bank cuts interest rates to the lowest in nine years, says it will maintain accommodative policy stance
- RBI raised the lending cap for microfinance institutions to ₹1.25 lakh from ₹1 lakh
Mumbai: The Reserve Bank of India on Friday cut interest rates for the fifth time in a row in an attempt to give a renewed push to a slowing economy, and said it will maintain an accommodative policy stance until growth revives.
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