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 percent 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.
MUMBAI (Reuters) – The RBI held interest. cycle starting on Feb. 7 in a bid to spur banks to inject more credit into the economy. *RBI keeps repo rate unchanged at 7.75 percent, reverse repo rate.
In line with expectations, the Reserve Bank of India (RBI) today cut its short-term lending rate, the repo rate, by 0.25 per cent to spur growth and revive investment but sounded a note of caution on further easing of rates on account of high food inflation and current account deficit.
Further rate cuts by the RBI is likely to be “slow and halting” and the central bank is likely to go for only 0.5 per cent rate cut for the remainder of 2013 calendar year, says a RBS research report.
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RBI cuts repo rate by 0.25% to 5.75%, changes policy stance to ‘accommodative’ Description: The MPC has also changed its policy stance to accommodative from neutral earlier which means the central bank keeps scope open for another rate cut in the near future if the economy warrants so.
“From the RBI’s perspective, the slower-than-expected growth and recently more encouraging. In the last policy announcement on May 3, the central bank had cut its key rate of lending, the repo rate.
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RBI cuts rates to 9-year low in bid to spur growth The change in repo rate, the rate at which the central bank lends money to commercial banks, will lead to lower interest rates on new bank loans.
The six-member monetary policy committee (MPC) cut the repo rate to 6.00 p India’s central bank cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy, while keeping its monetary policy stance "neutral" despite subdued inflation.
The Reserve Bank of India (RBI) lowered its benchmark interest rates for a fourth straight meeting on Wednesday with a slightly bigger than expected cut, underscoring its worries about India’s near-five year low economic growth pace. The six-member monetary policy committee (MPC) cut the repo rate
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