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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RBI MPC cuts repo rate by 25 basis points to 5.75% with immediate effectRBI has also changed policy stance from neutral to accommodative .. RBI cuts key lending rate by 25 bps to 5.75%.
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The rate-sensitive real estate and auto sector are likely to get a major boost as the six-member monetary policy committee headed by Reserve Bank of India (RBI) Governor Shaktikanta Das voted to reduce the repo rate by 25 basis points (bps) to 5.75 percent on Thursday.
Mumbai (Maharashtra) [India], June 6 (ANI): 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.
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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. cut its benchmark lending rate, the repo rate, by 25 basis points to 6.00 percent on April 4. Yet, India’s debt market appear to have priced in a 50 basis-point cut. Trading at 5.90.
RBI Governor Shaktikanta Das said the repo rate cut was balanced and a reduction of 25 basis points would have been.
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.
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.
Mumbai (Maharashtra) [India], June 6 (ANI): 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.
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