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RBI cuts repo rate by 25 bps, changes stance to ‘accommodative’; raises hopes for more cuts

After keeping the repo rate on hold at. 28 of 46 participants had expected the RBI to cut the rate by 25 bps to its lowest since November 2010. Analysts had warned it could be a close call but the.

The Reserve Bank of India’s (RBI) Monetary Policy Committee has cut the key repo rate by 25 basis points to 6.25 percent and changed its stance to neutral’. This is the first monetary policy meeting for the new RBI governor Shaktikanta Das, who assumed charge in mid-December 2018. The central bank revised inflation targets downwards and raised GDP growth projections.

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The reduced repo rate has raised hopes of lower EMIs for home loan borrowers as well bring down capital raising costs for corporates.

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Repo rate reduced by 25 bps to 5.75 pc for third time in a row RBI Monetary Policy statement highlights: repo Rate Cut, GDP Estimate Revised; Levies on RTGS & NEFT Scrapped.

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.

RBI cuts repo rate by 25 bps, checkout these 14 highlights from the monetary policy statement The central bank also changed its policy stance from ‘neutral’ to ‘accommodative’. Share Via Email

The repo rate cut of 0.25% and the change of stance from ‘neutral’ to ‘accommodative’ is key to supporting the sagging economic growth. The projected growth has been lowered to 7%. The policy also has broad indications of more actions on the liquidity front from the RBI in the coming days.

RBI cuts repo rate by 25 bps to 6%, loans may get cheaper. which changed its stance to neutral from accommodative at the beginning of the year.. "The markets had already factored in a 25.

NEW DELHI: Banking and finance experts hailed the RBI’s decision to cut the short-term lending rate. time by 25 basis points to 5.75 per cent. "The policy was very positive and was reinforced by.

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RBI cuts repo rate by 25 bps, changes stance to ‘accommodative’; raises hopes for more cuts – The RBI Governor. lowered the repo rate – its key lending rate- by 25 basis points to 5.75 percent, flagged concerns about weakening growth, but changed the stance to "accommodative" from "neutral".

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