RBI cuts repo rate by 25 basis points to 5.75 pc

The Reserve Bank of India (rbi. 25 basis points in 2019, following three cuts of a similar quantum so far, due to weak growth momentum and inflation remaining within targeted limits, Fitch Ratings.

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The Reserve Bank of India (RBI) on Thursday cut repo rate for the third consecutive time this year to 5.75 per cent from the current 6 per cent amid falling economic growth and uncertain global scenario.

Read more about RBI cuts repo rate by 25 bps to 5.75%, changes stance to accommodative on Business Standard. According to a Bloomberg Survey, 31 of 43 economists had projected 25 basis point rate cut while three penciled in a 50 basis points cut.

rbi cuts repo Rate by 25 BPS to 5.75 pc Mumbai, Jun 6 (UNI) In line with expectation, Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points (bps) to 5.75 per cent with immediate effect in its second bi-monthly monetary policy, announced by RBI Governor, Shaktikanta Das.

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India’s central bank cut the repo rate by 25 basis points to 5.75% from 6%, in its bi-monthly policy statement today. This is the third consecutive rate cut after similar cuts in April and.

The Reserve Bank of India (RBI) has slashed its repo rate under liquidity adjustment facility (LAF) by 25 basis points with immediate effect. The repo rate as per the latest cut is now at 6 percent. This is so far the second consecutive rate cut from the central bank under the guidance of governor shaktikanta das, after a rate cut in February.

The RBI on Thursday cut the repo rate by 25 basis points to 5.75 per cent – taking the policy interest rate down to a nine-year low – and immediately put pressure on banks to pass on the benefit to their customers through matching cuts in their lending rates.

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Indian Markets were trading low after RBI announced 25 basis points rate cut. could lead to lower growth. RBI has cut the rate as per expectations on the street. The 25 bps repo rate cut bringing.

The reverse repo rate stands reduced to 5.75 percent from 6 percent earlier. rbi deputy Governor Viral Acharya and committee. The Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 5.75 per cent and reverse repo rate by an equal proportion to 5.50 per cent and expected banks to transmit these to home.