The Reserve Bank of India (rbi) cut key interest rate by 25 basis points. RBI’s monetary policy committee (MPC) reduced the repo rate to 5.75% from 6%.
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 per cent amid falling.
The RBI on Thursday cut the repo rate by 25 basis points to 5.75 per cent – taking the policy interest rate down to a nine-year low – and immediately put pressure on banks to pass on the benefit to their customers through matching cuts in their lending rates.
RBI cuts rates to 9-year low in bid to spur growth The change in repo rate, the rate at which the central bank lends money to commercial banks, will lead to lower interest rates on new bank loans.
The RBI under its new Governor Shaktikanta Das has cut its key rates by a cumulative 0.50 percent since he took charge. The central bank has slashed the short-term lending rate (repo rate) by 25 basis points (0.25 percentage points) each in its last two policy reviews. The next meeting of the MPC is scheduled during August 5 to 7, 2019.
RBI policy RBI monetary policy RBI New Delhi: The monetary policy committee of the Reserve Bank of India today cut the policy interest rate by 25 basis points to 6.25% in a 4-2 decision.
The Reserve Bank of India (RBI) today cut repo rates by 25 basis points, largely in line with expectations.The repo rate or interest rates at which the RBI lends money to.
. monetary policy 90 days ago 25 bps cut widely expected in RBI bi-monthly monetary policy 90 days ago RBI cuts key repo rate by 25 basis points 146 days ago credit policy: rbi keeps repo rate.
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The RBI’s move to lower the repo rate met economists’ estimates. Two-thirds of 66 economists in a poll conducted by news agency Reuters ahead of the release of GDP data had expected the Monetary Policy Committee to announce a 25-basis-points cut in the repo rate to 5.75 per cent.
RBI repo rate cut, Inflation Outlook, GDP Projection Updates: The Reserve Bank of India cut the repo rate by 25 basis points to 5.75 percent on Thursday, 6 June.