Read more about RBI cuts repo rate by 25 basis points to 5.75 pc on Business Standard. The Reserve Bank of India (RBI) on Thursday cut repo.
RBI cuts rates to 9-year low in bid to spur growth The change in repo rate, the rate at which the central bank lends money to commercial banks, will lead to lower interest rates on new bank loans.
The Reserve Bank of India (RBI) today cut the repo rate by 25 basis points. The repo rate has been reduced from 6 percent to 5.75 percent. The repo rate has been slashed for the third time in a row
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points (0.25 percent) to 6 percent on Thursday. In its first monetary policy outing of the new financial year, the market was.
· The repo rate-at which the Reserve Bank of India (RBI) lends to commercial banks-was today (June 5) reduced by 25 basis points to 5.75%. One basis point is one-hundredth of a percentage point.
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RBI RBI cuts repo rate by 25 basis points in first monetary policy after Modi 2.0 takes charge. The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, car loan and corporate borrowers.
RBI said the short-term outlook for food inflation appears particularly benign, despite adverse base effects. The central bank on Thursday cut the key repo rate — at which it lends to banks — by.
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 on Thursday cut interest rates for the third time this year by 25 basis points to its lowest level.
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The brokerage expects another rate cut by the RBI by 25 bps in the third quarter of 2019. Mumbai: Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak.
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.