even though the industrial sector continues to struggle, which is partly due to a debt overhang.
The Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points on Thursday, in a widely expected move and shifted its policy.
"The RBI has gone ahead and cut REPO rate by 25 bps, which was in line with market expectations, accordingly the REPCO rate stands at 6 per cent. With the CPI inflation for June coming down sharply to 1.54 per cent, the market had high expectations that RBI will take steps towards easing rates in the systems.
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