RBI cuts repo rate by 25 bps to 5.75%, changes monetary policy stance to ‘accomodative’ RBI Monetary Policy 2019 Repo Rate: This is the third straight interest-rate cut under RBI Governor Shaktikanta Das, who also heads the Monetary Policy Committee (MPC).
· In its first meeting in FY’20, the MPC on April 4 had cut the key lending rate by 25 basis points from 6.25 per cent to 6 per cent. Reverse repo rate had been adjusted to 5.75 per cent and the committee had kept the monetary policy stance at neutral’.
Slashing benchmark lending rates for the third time this year, the Reserve Bank of India cut its repo rate by 0.25 per cent Thursday and said its future monetary policy stance will be more.
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"The market is expecting RBI to cut the rates by at least 25 basis points, and we will not be surprised if they decide to cut the rate by even 50 bps, to infuse liquidity and push growth.
Mumbai, June 6 (IANS) In the second bi-monthly monetary policy review of the current fiscal, the Reserve Bank of India (RBI) on Thursday lowered its key lending rate for commercial banks by 25 basis points (bps) to 5.75 per cent. Besides, the RBI changed the monetary policy stance from neutral to accommodative.
New Delhi: The Reserve Bank of India (RBI) cut repo rate — the rate at which it lends short term money to banks — by another 25 basis points, third in a row, to a nine-year low of 5.75% on Thursday keeping in view the slowdown in economic growth.But analysts believe banks are unlikely to pass on the benefit of recent rate cut to borrowers by reducing lending rates.
· The Reserve Bank of India (RBI) on Wednesday cut interest rate by a rare 35 basis points – the fourth successive reduction – to a nine-year low, in an attempt to boost an economy growing at its slowest pace in nearly five years. The central bank reduced its growth projection for the Indian economy to Continue Reading
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· MUMBAI: With economic growth likely to slow down in the March quarter 2019, the RBI may cut repo rate by 25 basis points in the upcoming monetary policy review, analysts say. The growth.