The Reserve Bank of India’s (RBI) monetary policy committee met for the last time in calendar year 2019 and in a surprise move paused the rate cut cycle keeping the repo rate at 5.15%. However, it maintained the stance as accommodative, signalling that the rate cut cycle is not over. RBI governor Shaktikanta Das emphasized the importance of the transmission of past cuts to the lending rates soon to help revive the flagging economy.
Nine big financial changes that you must watch out for in October
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