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Reserve Bank of India (RBI) governor Shaktikanta Das is seen in this file photo.(ANI Photo)

RBI keeps repo rate unchanged, stance ‘accommodative’

By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON DEC 04, 2020 12:15 PM IST
The Reserve Bank of India (RBI) governor Shaktikanta Das said that the Monetary Policy Committee (MPC) voted unanimously to keep the repo rate unchanged.
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RBI has cut repo rate by 75 bps. However, the transmission of the rate cut has been slow. Banks blame it on tight liquidity situation due to slow growth in deposits and systemic liquidity position in the economy.(HTFile)
RBI has cut repo rate by 75 bps. However, the transmission of the rate cut has been slow. Banks blame it on tight liquidity situation due to slow growth in deposits and systemic liquidity position in the economy.(HTFile)

How RBI’s rate cut will affect you

By Vivina Vishwanathan | Hindustan Times, Mumbai
UPDATED ON JUN 10, 2019 08:21 AM IST
Bankers say that you will see a change in marginal cost of fund based lending rates (MCLR) when the asset-liability committee of individual banks meets next time.
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