RBI cuts repo rate by 25 basis points to 5.75 pc

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.

The Reserve Bank of India cut the repo rate by 25 basis points to 5.75 percent on Thursday, 6 June. The reverse repo rate and the bank rate have been adjusted at 5.50 and 6 percent respectively.

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.

RBI Monetary Policy Committee Meet: The six-member monetary policy committee (MPC), headed by rbi governor shaktikanta Das, has decided to reduce key repo rate by 25 basis points to 5.75 per cent.

In line with record low retail inflation, the rbi governor headed monetary Policy committee (mpc) cut policy repo rate by 25 basis points to 6 per cent and the reverse repo by similar proportion to.

Mumbai: 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.

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RBI cuts Repo Rate by 25 BPS to 5.75 pc Mumbai, Jun 6 (UNI) In line with expectation, Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points (bps) to 5.75 per cent with immediate effect in its second bi-monthly monetary policy, announced by RBI Governor, Shaktikanta Das.

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The six-member Monetary Policy Committee (MPC) at the conclusion of its first meeting, said that it cut the repo rate (benchmark rate) by 25 basis points (bps) to 6.25 percent, as was expected in some.

"The RBI has gone ahead and cut REPO rate by 25 bps, which was in line with market expectations, accordingly the REPCO rate stands at 6 per cent. With the CPI inflation for June coming down sharply to 1.54 per cent, the market had high expectations that RBI will take steps towards easing rates in the systems.