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Updated on: May 22, 2020 11:40 IST

GDP growth rate in 2020-21 is expected to remain in the negative category: RBI Gov

Loan EMIs are set to get cheaper as RBI cuts repo rate by 40 bps to 4 per cent. "The repo rate cut by 40 basis points from 4.4 % to 4%. Reverse repo rate stands reduced to 3.35%," RBI Governor Shaktikanta Das said in a press conference on Friday.

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