RBI governor Shaktikanta Das had highlighted several indicators of a slowdown in the economy while supporting his argument for an aggressive cut of 35 basis points (100bps = 1 percentage point) in the repo rate. This, even as two of the three external members of the monetary policy committee (MPC) voted for a more modest 25bps cut.
from Times of India https://ift.tt/2ZlSvdA
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