The Reserve Bank of India (RBI) in its second monetary policy review of this financial year kept the repurchase (repo) rate unchanged at 6.25 per cent. The central bank had last changed the policy rate on October 4, 2016, when the policy rate was cut by 25 basis points. The apex bank left the rev…
Tag: Monetary Policy Committee (MPC)
RBI’s new monetary policy today: 5 things to watch out for
The current growth-inflation dynamics has led to increased bets that the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may soften its stance on the future course of interest rates. If so, it will be a breather for the market as it would be a deviation from the hawkishness displaye…
RBI cuts repo rate by 25 bps to 6.25%
The Reserve Bank of India on October 4, cut policy rate (repo rate) by 25 basis points to 6.25% from 6.5% citing easing inflation. In its first meeting, the Monetary Policy Committee (MPC) on October 4 all members of policy decided for 25 basis point rate cut. This was the fourth bi-monthly monet…