RBI credit policy: MPC cuts repo rate by 35 bps to 5.40%, maintains accommodative stance

প্রকাশিত: Aug 7, 2019
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The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday cut repo rate by 35 basis points in its third bi-monthly policy review of the financial year. It was fourth rate cut by the central bank in a row. The short-term lender rate now stands at 5.40 per cent. Persistent weakening of core inflation has kept the headline rate below the central bank’s 4 per cent target for the 11th straight month in June and, thus, the rate cut was largely in line with Street expectations.

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    RBI cuts repo rate by 25 bps; stance changed to 'accommodative' from 'neutral'

    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, the repo rate now stands at 5.75 per cent. The MPC also changed policy stance to 'accomodative' from 'neutral'. Repo is the rate at which the central bank lends to commercial lenders, and the cut signalled a drop in cost of funds for corporates and individual borrowers though domestic banks have not been very efficient in quickly passing on the benefits of past rate cuts to their customers.




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    RBI Keeps Repo Rate Unchanged At 4%, Maintains Accommodative Stance | Catch News


    Amid on-going COVID pandemic, Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 4% and to continue with accommodative stance. In a virtually press conference, RBI Governor Shaktikanta Das on June 04 said, “Monetary Policy Committee (MCC) voted to maintain status quo i.e. repo rate remains unchanged at 4%. MCC also decided to continue with accommodative stance as long as necessary to revive and sustain growth on durable basis and to mitigate impact of COVID on economy.”


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  • Delhi:2 दिन बाद दूंगा CM पद से इस्तीफा,जनता की अदालत में साबित करुंगा अपनी ईमानदारी-Arvind Kejriwal

    Delhi:2 दिन बाद दूंगा CM पद से इस्तीफा,जनता की अदालत में साबित करुंगा अपनी ईमानदारी-Arvind Kejriwal

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