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RBI Policy: Need to cut rate to revive demand, limit rupee appreciation, says MPC Kumar

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RBI Policy

Need to cut rate to revive demand, limit rupee appreciation, says MPC Kumar

This story was originally published at 19:47 IST on October 23, 2024  Back
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The Reserve Bank of India's Monetary Policy Committee's new external member Nagesh Kumar, the only one to vote for a 25-basis-point rate cut in the October policy meeting, said that a rate cut could help revive flagging demand in the country and limit rupee's appreciation.

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