The Monitory Policy Committee (MPC) of Reserve Bank of India On the basis of an assessment of the current and evolving macroeconomic situation at its meeting decided to reduce the policy repo rate under the liquidity adjustment facility (laf) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect.
-Most economists expect the RBI to cut repo rate by 25 basis points to 5.75%. Two-thirds of 66 economists polled by Reuters expect the MPC to wrap up on Thursday by cutting the repo rate by 25.
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On February 7 and April 4, RBI cut the repo rate by 25 basis points. Repo rate is the rate at which the rbi lends money to commercial banks. In the fourth quarter, India’s economy grew just 5.8 per cent, marking a five-year low, according to government data.
RBI cuts repo rate for third time in a row after GDP hit 5-year low, loans may get cheaper. The Monetary Policy Committee’s decision to cut the rate at which the RBI lends to banks by 0.25.
A 25 basis point (0.25 percentage. The one area where the RBI has some work to do is in the transmission of rates. By its own admission, only 21 of the cumulative 50 basis points rate cut effected.
· The central bank cut repo rate by 25 basis points, now at 5.75 per cent from 6 per cent. Meanwhile, the Reverse repo rate and bank rate adjusted at 5.50 and 6.0 per cent respectively.
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Reserve Bank of india’s Monetary policy committee (mpc) cut the repo rate by 25 basis point bringing it down to 5.75 percent. This is the third consecutive cut by the central bank in five months.
The regulator cut the repo rate to 5.75 per cent and reverse repo rate to 5.50 per cent and expected banks to transmit these to home, auto and other loan borrowers faster. telegraph file photo The RBI.
"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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RBI Monetary Policy HIGHLIGHTS: The Reserve Bank of India has cut the repo rate by 25 basis points in its sixth bi-monthly monetary policy statement for 2018-19.