RBI cuts repo rate by 25 basis points to 5.75 pc

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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.

In the earlier three policies, it has reduced repo rate by 25 basis points each. The RBI maintained its accommodative stance but said further rate reductions would depend on the level of inflation. While the repo rate was cut to 5.40 per cent, the reverse repo rate was reduced to 5.15 per cent.

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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.

The Reserve Bank of India (RBI) on Wednesday cut its policy repo rate by 25 basis points in its third bi-monthly monetary policy review of 2017-18. The current repo rate now stands at 6 per cent. The.

This is the third time on the trot that the six-member MPC has decided on a 25-basis points rate cut, making it a hat-trick of repo rate cuts. The rate cut also comes in the backdrop of benign.

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Home, auto, and personal loan EMIs are likely to go down although banks are yet to fully pass on the previous cut. Mumbai: In a bid to boost sluggish economy before elections, the RBI on Thursday cut.

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.

The reverse repo, the rate which banks get for parking funds with RBI, has been readjusted accordingly by similar percentage point to 5.75 per cent. Repo rate was last cut by 25 basis points in.

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Mumbai: In a bid to boost sluggish economy before elections, the RBI on Thursday cut interest rate by 25 basis points for the second. cut the repo rate to one-year low of 6 per cent and reverse.

Reserve Bank of India cuts repo rate by 25 bps to 5.75%. The monetary policy committee (MPC) of the Reserve Bank of india (rbi) reduced the repo rate by 25 basis points (bps) to 5.75 per cent in.