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New Delhi: The Reserve Bank of India (RBI) announced its second bi-monthly monetary policy for current fiscal year in Mumbai on Thursday. The central bank cut repo rate by 25 basis points, now at 5.75.
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 economic growth and uncertain global scenario. The six-member monetary policy committee (mpc) headed by Governor Shaktikanta Das concluded its second meeting for the fiscal year 2019-20.
-Most economists expect the RBI to cut repo rate by 25 basis points to 5.75%. Two-thirds of 66 economists polled by Reuters expect the MPC to wrap up on Thursday by cutting the repo rate by 25.
RBI cuts repo rate by 25 basis points to 5.75 pc. Industry leaders say a substantial cut in the repo rate and bank lending rates are needed to boost manufacturing and domestic demand and bolster.
RBI Governor Shaktikanta Das. Mumbai: Amid softening inflation, Reserve Bank of India cuts key lending rates by another 25 basis points to. the reverse repo rate under the Liquidity Adjustment.
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“It has been decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points. RBI rate cut: top things to know Key policy rate (repo) cut by 0.25 per cent to.
Read more about RBI cuts repo rate by 25 basis points to 5.75 pc, shifts policy stance to accommodative on Business Standard. 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 economic growth and uncertain global scenario.The six-member monetary policy committee (MPC)
RBI MPC cuts repo rate by 25 basis points to 5.75% with immediate effectRBI has also changed policy stance from neutral to accommodative .. RBI cuts key lending rate by 25 bps to 5.75%.
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RBI Governor Shaktikanta Das addresses media on rate cut. RBI cuts repo rate by 25 basis points; key interest rates now at 5.75%
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.