09 April | Daily Current Affairs : RBI ,RepoRateCut ,GDPForecast ,IndianEconomy ,MonetaryPolicy And More
GS PAPER 1 Prelims Fact RBI’s Monetary Policy Committee (MPC) has cut the repo rate by 25 basis points (bps) to 6%. This is the second consecutive cut, and the policy stance has been changed from neutral to accommodative. GDP growth forecast revised down from 6.7% to 6.5% due to global trade tensions. Prelims Key Facts: Term/Concept Explanation Repo Rate