RBI Cuts Key Lending Rate By 25 Basis Points, Third Consecutive Rate Cut In 2019

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 · RBI cuts key lending rates by 25 basis points The reverse repo, the rate which banks get for parking funds with RBI, has been readjusted accordingly by.

While Ravindra Dholakia, Michael Debabrata Patra, Bibhu Prasad and shaktikanta das voted to reduce the policy repo rate by 35 basis points, Chetan Ghate and Pami Dua voted to reduce it by 25 basis points. On February 7, April 4 and June 6, the central bank had reduced the key lending rate by 25 basis points to infuse liquidity and push growth.

As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point. The lending rate now stands at 5.75, and this is the third consecutive rate cut since February 2019. Even though the Indian economy is perceived to be in the grips of a slowdown, the markets are quite bullish on Modi’s return to power with a thumping majority.

 · * RBI cuts key lending rate (repo) by 0.25% to 6.25% * Reverse repo rate cut to 6%, bank rate to 6.5%, CRR unchanged at 4% * Headline inflation estimates revised down to 2.8% in March quarter, 3.2-3.4% in first half of next fiscal and 3.9% in Q3 of FY’20

The fourth consecutive. 35 basis points (bps) cut in repo is unusual, as the RBI has been changing the interest rate by 25.

RBI Monetary Policy June 2019: The Reserve Bank of India has cut the key lending rate by 25 bps.In a statement, RBI said, "On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting today decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 5.75 per cent from 6.0.

New Delhi, Aug 7 (KNN) The Reserve Bank of India’s Monetary Policy Committee (MPC) cut key interest rate for the fourth consecutive. repo rate by 25 basis points each. The RBI also revised.

"As widely anticipated, RBI has once again reduced its key lending rate by 25 basis point. The lending rate now stands at 5.75, and this is the third consecutive rate cut since February 2019. Even though the Indian economy is perceived to be in the grips of a slowdown, the markets are quite bullish on Modi’s return to power with a thumping majority.

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