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RBI cuts repo rate by 25 basis points to 5.75 pc

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 central bank cut repo rate by 25 basis points, now at 5.75 per cent from 6 per cent. Meanwhile, adjusting the reverse repo rate and bank rate at 5.50 and 6.0 per cent, respectively.

Read more about RBI cuts repo rate by 25 basis points to 5.75 pc, shifts policy stance to accommodative on Business Standard. 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.The six-member monetary policy committee (MPC)

RBI cuts repo rate by 25 basis points to 5.75 pc, shifts. – 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. Home loan to get cheaper as RBI cuts repo rate by 25 basis.

MUMBAI: In its first bi-monthly monetary policy meet of this financial year (FY19-20), the Reserve Bank of India (RBI) on Thursday decided to cut repo rate by 25 basis points (bps) or 0.25 per.

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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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.

With that in mind, more than 85 percent of the nearly 70 economists polled by Reuters expected the RBI to cut its benchmark lending rate, the repo rate, by 25 basis points to 6.00 percent on 4 April. Yet, India’s debt market appear to have priced in a 50 basis-point cut.

The RBI has cut the repo rate by 25 bps to 6%. This was on expected lines as market consensus predicted a 25 bps cut. reverse repo rate has also been cut by 0.25 per cent to 5.75 per cent. rate.

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