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The Reserve Bank of India (RBI) announced its second Bi-Monthly Monetary Policy Rates for 2019-20 in Mumbai on June 6, 2019. The three-day policy review meeting by the six members of Monetary Policy Committee (MPC) was headed by RBI Governor Shaktikanta Das with the members Dr Chetan Ghate, Dr Pami Dua, Dr Ravindra H. Dholakia, Dr Michael Debabrata Patra, Dr Viral V Acharya. In a rare 6-0 majority, Repo rate was reduced by 25 bps under the liquidity adjustment facility (LAF) to 5.75 per cent for third time in a row. It fell below 6% for the first time in 9 years since September 2010.