2nd bi-monthly RBI Monetary Policy Highlights: Repo Rate cut by 25 bps.
Repo rate reduced by 25 bps to 5.75% for third time in a row. Reverse repo rate now stands at 5.50%, marginal standing facility (MSF) rate 6%. RBI cuts GDP growth forecast to 7 % from 7.2 % for FY20.
Did you Know
GDP:Gross Domestic Product
FY20:Fiscal Year 2020