RBI Cuts Repo Rate 25 Basis points

RBI Cuts Repo Rate 25 Basis points

Today RBI Cuts Repo Rate 25 Basis points also raised the reverse repo by 25 Basis Points.

However, markets reacted negatively Sensex and Nifty is down by 400 and 100 points respectively.
RBI Cuts Repo Rate 25 Basis points

RBI Cuts Repo Rate 25 Basis points

Reserve Bank of India on Tuesday 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.

Accordingly, the repo rate, at which RBI lends to the financial system, has come down to 6.5 per cent.

RBI also retained its GDP growth forecast at 7.6 per cent, on the assumption of a normal monsoon and a boost to consumption through the implementation of the Seventh Pay panel recommendations.

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