in

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.

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

Comment moderation is enabled. Your comment may take some time to appear.

Facebook, WhatsApp become fake news factories in India

With Rs 1.21 cr, BJP tops political advertisers chart on Google