Don’t miss the latest developments in business and finance.

RBI Reduces Repo Rate By 25 bps

Image
Capital Market
Last Updated : Apr 04 2019 | 12:31 PM IST
The Reserve Bank of India Monetary Policy Committee, on the basis of an assessment of the current and evolving macroeconomic situation decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.0 per cent from 6.25 per cent with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. The MPC also decided to maintain the neutral monetary policy stance. These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.

Powered by Capital Market - Live News

Also Read

First Published: Apr 04 2019 | 11:54 AM IST

Next Story