Today in New Delhi, India
Aug 06, 2020-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -
ADVERTISEMENT

RBI cuts repo rate by 25 basis points, fifth cut in this year

Mar 03, 2020 19:39 IST
about the video

The RBI has reduced report rate for the fifth time this year. The RBI monetary policy committee announced a 25 basis points cut in its policy rates from 5.40% to 5.15%. The RBI Governor also said that it would maintain an ‘accommodative stance’ as long as it is necessary to revive growth. The reverse repo rate was also adjusted to 4.90%. The central bank said the decisions are in consonance with its medium-term target of 4 per cent for consumer inflation.

Other Videos

ht epaper

Sign In to continue reading