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%. Marginal Standing Facility Rate - 5.40%, Cash Reserve Ratio - 4%; Statutory liquidity ratio - 18.75%.
Did you Know
Net disbursal of ECBs rose to US$ 8.2 bn during April - Aug 2019