Economics
RBI Vows to Ease as ‘Long as Necessary’ After Fifth Rate Cut
- Repo rate cut by 25bps and FY20 GDP forecast slashed to 6.1%
- RBI wouldn’t let a cooperative bank collapse, Das says
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India’s central bank Governor Shaktikanta Das pledged further monetary policy easing if needed after reducing interest rates for a fifth time to boost a flailing economy.