RBI cuts repo rate by 0.25% in bid to spur growth: On Thursday, the Reserve Bank of india (rbi) cut repo rate for the third following time this year to 5.75 per cent from the existing 6 per cent.
Corporate and consumer loans will get cheaper with the Reserve Bank of India (RBI), expectedly, cutting the policy rate by 0.25 percentage points to 5.75% on Thursday, its third consecutive rate. RBI cuts repo rate by 0.25% in bid to spur growth.
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New Delhi: The Monetary Policy Committee (MPC) led by Reserve Bank of india governor shaktikanta das cut repo rate — the rate at which it lends short term money to banks — by 25 basis points or 0.25% to 5.75% in a bid to boost growth as inflation has softened over the last few years. The MPC has also changed its policy stance to accommodative from neutral earlier which means the central bank keeps scope open for another rate cut in the near future if the economy warrants so.
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RBI cuts rates to spur growth. Part of: GS Prelims and Mains Paper III – Indian Economy, issues related to growth, mobilization of resources, etc.; Macro economy: Banking, Monetary Policy In news: RBI cuts repo rate’ by 25 basis points to 6.25% in a bid to revive economic growth. The move will enable banks to lower their lending rates.
India central bank cuts rates by 0.25%, sees need to spur growth.. The reverse repo rate was reduced to 5.75 percent.. result will only be known on May 23 and uncertainty over which party will lead the next government has complicated the Reserve Bank of India’s task. It cannot be sure of.
Please refer to the Monetary Policy Statement 2013-14 dated May 3, 2013, in terms of which the repo rate under the Liquidity Adjustment Facility (LAF) has been reduced by 25 basis points from 7.50 per cent to 7.25 per cent with immediate effect.
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In line with expectations, the Reserve Bank of India (RBI) today cut its short-term lending rate, the repo rate, by 0.25 per cent to spur growth and revive investment but sounded a note of caution on.