Reserve repo rate Updates

RBI Monetary Policy Live : RBI cuts Repo Rates by 0.25%

The Reserve Bank of India has given investors a cheap loan offer. The RBI has cut the repo rate by 0.25 percent in the credit policy. The new Repo rate has decreased from 6.25 percent to 6 percent. The Reverse repo rate has decreased to 5.75 percent. At the same time, the marginal standing facility ie MSF rate and bank rate has decreased from 6.5 per cent to 6.25 percent. Four out of 6 members of the Monetary Policy Committee voted in favor of a 0.25 percent reduction. At the same time, one member had 0.5 percent and one member supported not to make any changes. RBI has estimate retail inflat...
Read More