RBI cuts repo rate by 25 basis points to 6%, retains policy stance

  • For the second time in as many months, the Reserve Bank of India (RBI) on Thursday slashed repo rate by 25 basis points to 6 per cent.
  • The Reserve Bank of India (RBI) had reduced the repo rate by 25 basis points in February, after a gap of 18 months.
  • According to industry estimates, inflation is well below the RBIs mandate of 4 per cent and hence it should cut the repo rate (rate at which RBI lends to banks) to boost economic growth.

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