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The Reserve Bank of India's MPC is widely expected to cut the key repo rate today to support fiscal measures announced by the government to revive the economy. According to a CNBC-TV18 poll, a majority of the economists expect the RBI to cut the rate by 25 basis points, while 40 percent believe the MPC is likely to cut the benchmark rate by 40 bps. While economists expect the inflation forecast to remain unchanged, they believe the RBI will lower GDP growth projections.
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