MPC cuts repo rate by 25 bps to 5.15%
RBI's monetary policy committee cuts repo rates by 25 basis points to 5.15%. The reverse repo rate has been reduced to 4.9%, & bank rate stands at 5.40%. The real GDP growth for 2019-20 has been revised downwards from 6.9% in the August policy to 6.1%.
Did you Know
Net disbursal of ECBs rose to US$ 8.2 bn during April - Aug 2019