Welcoming the RBI’s move to slash key interest rate by 0.25 per cent, India Inc today said it will improve the cost of credit, even as it pointed out that the time was opportune for the apex bank to.
7 days ago · The Reserve Bank of India (RBI) cut its repo rate by a further 35 basis points to 5.40 percent and has now cut the rate by a total of 110 points this year following cuts in June, April and February.
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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
The Reserve Bank of India (RBI) on June 6 lowered 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.
BENGALURU/MUMBAI (Reuters) – The Reserve Bank of India (RBI) cut interest rates by an unconventional 35 basis points on Wednesday, slightly above expectations, and its fourth cut in 2019 to boost an economy growing at its slowest pace in nearly five years. The RBI maintained its "accommodative.
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The Reserve Bank 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 and indicated.
· The Reserve Bank of India cut its repo rate by 25 basis points to 6.50 per cent on Tuesday, making a widely expected first reduction since September to bring the rate to its lowest in more.
But in a surprise move, the RBI also raised the reverse repo – or the rates lenders charge to the central bank – by 25 basis points to 6.0 percent. one is of course the rate cuts which is part of.
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We do hope that the RBI shall continue the accommodative stance in subsequent months as well.” LAKSHMI IYER, CHIEF INVESTMENT OFFICER (DEBT) & HEAD PRODUCTS, KOTAK mahindra asset management company.