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<h1>Central Bank Cuts Policy Rate by 50 Bps, Reduces CRR to Boost Economic Growth and Control Inflation</h1> The national central bank reduced its policy rate by 50 basis points to support economic growth, cutting the benchmark rate to 5.5%. The rupee appreciated 13 paise to 85.66 against the US dollar. The Reserve Bank also reduced Cash Reserve Ratio by 1%, unlocking liquidity worth Rs 2.5 lakh crore for lending. The monetary policy aims to maintain growth momentum and target inflation at 3.7% for the fiscal year, with GDP growth projections maintained at 6.5%.