RBI cuts repo rate by 25 basis points

The six-member monetary policy committee (MPC) of the Reserve Bank of india (rbi) decided to reduce the key policy rate or the repo rate by 25 bps to 6.25% in the last bimonthly policy review of.

RBI cuts repo rate by 25 basis points, but retains ‘neutral’ stance. Although the repo rate has been cut, it’s not clear if this will mean lower lending rates as banks are still struggling with deposits. rbi governor has stated it will prod banks .

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RBI cuts repo rate by 25 basis points to 5.75% from 6% in a unanimous decision. Monetary policy stance changed to ‘accommodative’ from neutral.

The central bank had reduced the repo rate by 25 basis points in February, after a gap of 18 months This interest rate cut would provide relief to borrowers in the election season RBI governor.

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With inflation decreasing, the RBI has slashed the repo rate to 6%, which means more benefits to consumers The Reserve Bank of India’s (RBI) Monetary Policy Committee has decided to cut the repo rate (short-term lending rate) by 25 basis points, due to receding inflation numbers.

RBI Monetary Policy HIGHLIGHTS: The Reserve Bank of India has cut the repo rate by 25 basis points in its sixth bi-monthly monetary policy statement for 2018-19.

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.

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.

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The Reserve Bank of India (RBI) cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy, while keeping its monetary policy stance "neutral".

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reduces repo rate by 35 basis points 6 days ago RBI to release its bi-monthly monetary policy on Aug 7 amid expectations of another rate cut 6 days ago RBI cuts Repo rate by 25 BPS in bi-monthly.