News Karnataka
Friday, March 29 2024
Cricket
India

RBI eases policy rate to 6.25%; changes stance to neutral

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Mumbai: In the final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks to 6.25 per cent.

The decision was guided on the basis of an assessment of the evolving macroeconomic situation, the RBI said.

The central bank was more accommodating, changing its monetary policy stance from “calibrated tightening” to “neutral”.

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