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 MPC unanimously voted for the rate cut by 25 basis points and the stance change in its policy. RBI Governor Shaktikanta Das.
The repo rate or interest rates at which the RBI lends money to banks, now stands reduced by 25 basis points to 5.75 per cent. The cut may.
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.
The bank also cut reverse repo rate by 25 bps to 5.75 percent. The six-member Monetary. Dholakia voted for a policy rate reduction of 50 basis points and Dr. michael debabrata patra voted for.
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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 Monetary Policy 2019: The Reserve Bank of India (RBI) Monetary Policy Committee Thursday unanimously cut repo rate – the rate at which it lends to banks – by 25 basis points from 6 per cent to 5.75 per cent. The bank also changed the monetary policy stance from.
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.
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.
The Monetary Policy Committee (MPC) of the Reserve Bank of India on Thursday effected a 25 basis points cut in repo rate in its second bimonthly policy review of this financial year. After the cut,
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