No RBI Repo Rate Cut Despite Growth Fears Amid Notes Ban

Reserve Bank of India has kept its repo rate unchanged at 6.25 per cent in its first monetary policy review after the notes ban, surprising the street. Economists polled by NDTV Profit had expected a 0.25 per cent rate cut to support the economy, after the government's notes ban has threatened to hit nearly every aspect of it from consumers to supply chains.

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