As such, the benchmark repo rate — the rate at which it lends to commercial banks — remains at 5.15%.
Narinder Nanu | AFP | Getty Imageshad widely expected a sixth rate cutPrior to Thursday's move, the RBI had already cut the repo rate by 135 basis points since January to try and boost the economy, where growth has slowed down significantly over recent quarters.
Data released last week revealed India's economic output expanded by 4.5% in the three months that ended in September, marking the slowest pace of growth since 2013.This is breaking news. Please check back for updates.
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