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

Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI. repo rate and change the stance of monetary policy from neutral to accommodative. On February 7 and April 4, the central.

The Reserve Bank of India cut its benchmark interest rate by 25 basis points on Thursday, in a widely expected move to boost the economy, while keeping its monetary policy stance "neutral" despite.

Read more about RBI cuts repo rate by 25 bps to 5.75%, changes stance to accommodative on Business Standard. According to a Bloomberg Survey, 31 of 43 economists had projected 25 basis point rate cut while three penciled in a 50 basis points cut.

The Reserve Bank of India (RBI) on Thursday cut the policy rate by 25 basis points (bps), as widely expected, and changed its stance to ‘accommodative’, which governor shaktikanta das said meant rate hikes were off the table. Economists, however, see this as a sign of more rate cuts to come.

For the third time in a row, the RBI cuts the repo rate cut by 25 basis points. It will definitely spur growth for the real estate sector specifically. The decision changes the stance of monetary policy from neutral to accommodative and to cut the policy repo rate brings it below 6 percent is the first time since September 2010.

Read more about RBI cuts repo rate by 35 bps to 5.40%, reduces FY20 growth forecast to 6.9% on Business Standard. Repo rate is the rate at which the central bank lends money to the commercial banks, in case of any shortfall of funds.

RBI cuts repo rate by 25 bps; little room for more cuts this fiscal RBI Governor Urjit Patel expects inflation to climb back to 4 in the coming quarters By Salil Panchal, Forbes India Staff

MUMBAI: The Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) will cut the key policy rate by 25 basis points. to its neutral stance in the upcoming policy. One of them said he.

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The apex bank slashed its key policy rate, repo rate, by 35 basis points or 0.35 per cent. Most money market participants were expecting the banking regular to cut rates by 25 basis points. However, the central bank maintained its accommodative monetary stance and retained the inflation outlook.

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