Rate Cut MPC advanced its meeting and reduced repo rate by 40 bps to 4.0%. MPC unanimously voted for sizeable reduction in the repo rate, but some differences in the quantum of reduction. MPC decided to continue with accommodative stance as long it is necessary to revive growth and mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target. The Monetary Policy Committee (MPC) voted in ratio of 5-1 in favor of rate cut. In the Mar'20 policy review members had voted in ratio of 4-2 in favor of rate cut....