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Top 10 business headlines: RBI cuts repo rate, DHFL default, and more

From RBI repo rate cut to DHFL crisis, Business Standard brings to you stories that made the headlines on Thursday

rbi, reserve bank of india
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RBI cuts repo rate by 25 bps to 5.75%; changes stance to 'accommodative'

The Reserve Bank of India (RBI) on Thursday cut the policy rate by 25 basis points (bps), as widely expected, and changed its stance to ‘accommodative’, which Governor Shaktikanta Das said meant rate hikes were off the table. Economists, however, see this as a sign of more rate cuts to come. READ ON...

Fear of contagion looms over financial sector after DHFL's payment default

The latest default on interest payments by Dewan Housing Finance Corporation (DHFL) can accentuate contagion risk in India's financial sector as banks, pension

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