RBI cuts key interest rate by 0.25 pc week before elections; lowers inflation forecast to 2.9-3 pc

<strong>Mumbai: The Reserve Bank of India Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest rate to the lowest level in one year on softening inflation.</strong> The central bank, however, kept monetary policy stance at 'neutral'. In the second policy review

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