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The Reserve Bank of India’s monetary policy committee (MPC) slashed its GDP growth estimate but disappointed markets and borrowers by keeping its key policy rate unchanged after reducing it five consecutive times in 2019

Reliance Industries (RIL) reported a 13.5% rise in profit in the third quarter of fiscal 2020 to £1.16 billion, benefiting from higher price realisations in its refining, retail, media and digital services businesses