RBI cuts repo rate by 25 basis points

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RBI has reduced lending rates for the second time in a row by 25 basis points. The repo rate stands at 6 percent after the latest rate cut. The rate cut will propel economic growth in the country as economic activity will increase due to cheap loans.

Reserve Bank of India governor Raghuram Rajan on Wednesday brought down its key policy rate by 25 basis points citing that the fiscal consolidation was better than what numbers show and that the.

India’s Monetary Policy Committee on Thursday decided to cut its benchmark repo rate by 25 basis points to 6.25 percent in response to lower-than-expected retail inflation. The committee also changed the policy stance to neutral’ from calibrated tightening’ and.

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.

The decision was announced after the 3-day meeting of the Monetary policy committee (mpc). – RBI Cuts Repo Rate by 25 Basis Point to 5.75% From 6; EMI on Home And Auto Loans Likely to Come Down

The Reserve Bank of India (RBI), Monetary Policy Committee (MPC), in its second bi-monthly policy review for this financial year has cut the repo rate, the rate at which it lends to banks, by 25 basis points from 6 percent to 5.75 percent.

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The Reserve Bank of India (RBI) cut the repo rate by 25 basis points (0.25 percent) to 6 percent on Thursday. In its first monetary policy outing of the new financial year, the market was expecting the apex bank to announce a rate cut to infuse liquidity into the economy as growth improved only marginally and inflation remains low.

The reverse repo rate was reduced to 5.50 percent. All six of the MPC members voted for a 25 basis points cut, and for the policy stance to. to 69.28 per dollar from 69.36 earlier. The RBI lowered.

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.