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01:26
India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years
STORY: India's central bank cuts repo rate to 6.25 pct for 1st time in nearly 5 years
SHOOTING TIME: Feb. 8, 2025
DATELINE: Feb. 8, 2025
LENGTH: 00:01:26
LOCATION: New Delhi
CATEGORY: ECONOMY
SHOTLIST:
1. various of India Gate
2. various of the Reserve Bank of India
3. various of banks in New Delhi
4. various of traffic in New Delhi
STORYLINE:
India's central bank, the Reserve Bank of India (RBI), on Friday announced a reduction in repo rate by 25 basis points to 6.25 percent.
The repo rate is the rate at which the central bank lends money to commercial banks in the event of a shortfall of funds.
The move has been undertaken to boost the economy.
RBI Monetary Policy Committee last reduced the repo rate in May 2020 and kept it unchanged in the last 11 policy meetings.
Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)
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