RBI cuts repo rate by 25 bps, changes stance to ‘accommodative’; raises hopes for more cuts

The Reserve Bank of India (RBI. the repo rate – its key lending rate- by 25 basis points to 5.75 percent, flagged concerns about weakening growth, but changed the stance to "accommodative" from.

"The RBI has gone ahead and cut repo rate by 25 bps, which was in line with market expectations, accordingly the REPCO rate stands at 6 per cent. With the CPI inflation for June coming down sharply to 1.54 per cent, the market had high expectations that RBI will take steps towards easing rates in the systems.

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MUMBAI: The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) will cut the key policy rate by 25 basis points. to its neutral stance in the upcoming policy. One of them said he.

Highlights of the RBI’s monetary policy announcement > RBI to do away with payment charges on RTGS, NEFT transactions > RBI lowers GDP growth target to 7% from 7.2% for FY20 > MPC cuts repo rate by 25 bps, changes policy stance to "accommodative" * Repo rate reduced by 25 bps to 5.75 percent for third time in a row

RBI cuts repo rate by 25 bps, raises hopes of further cuts; changes stance to ‘neutral’ The Reserve Bank of India (RBI) on February 7 lowered the repo rate-its key lending rate-by 0.25 percentage points to 6.25 percent and changed its stance to "neutral" from "calibrated tightening", signalling higher chances of more cuts in the.

MUMBAI: The Reserve Bank of India on Tuesday cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors.

RBI cuts repo rate by 25 bps to 6.5%; raises reverse repo. Given weak private investment in the face of low capacity utilisation, a reduction in the policy rate by 0.25 per cent will help strengthen growth, RBI Governor Raghuram Rajan said in the first bi-monthly monetary policy review for the 2016-17 fiscal, which began on April 1.

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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 neutral to accommodative.