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RBI cuts repo rate by 25 bps to 6.50% MUMBAI: The Reserve Bank today cut the key interest rate by 0.25 per cent and introduced a host of measures to smoothen liquidity supply so that banks can lend to the productive sectors and indicated accommodative stance going ahead.
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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.
According to experts, the rate reductions and the accommodative stance, along with liquidity injections from the RBI, will help banks to lower their lending rates. While the past repo rate cuts.
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RBI cuts repo rate by 25 bps, raises hopes of further cuts; changes stance to ‘neutral’ The reduced repo rate has raised hopes of lower EMIs for home loan borrowers as well as cheaper capital.
The repo rate cut of 25 bps and the change of stance from ‘neutral’ to ‘accommodative’ are key to supporting the sagging economic growth. The projected growth has been lowered to 7 percent. The policy also has broad indications of more actions on the liquidity front from the RBI in the coming days.
The Reserve Bank of India (RBI) in its second bi-monthly monetary policy of fiscal 2019-20 has reduced the repo rate by 25 basis points to 5.75 per cent. The MPC has changed the stance to ‘accommodative’ from ‘neutral’.
Market observers have prescribed a range between 25 and 50 basis points to bring down the cost of finance and give impetus to consumption growth. 35 bps RBI repo rate cut: Indian rupee to hit 69 or 72.
RBI cuts repo rate by 25 basis points but room for more uncertain. of the Reserve Bank of India (RBI) on Wednesday cut its key policy. policy stance to which it moved from an accommodative.
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.
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