PREVIOUS
✖
Monetary Policy Committee Review
October 6 , 2019
1865 days
1066
0
- The Monetary Policy Committee of the RBI has announced cut in the key policy rates.
- For the fifth consecutive time this calendar year, the central bank cut the repo rate by 25 bps and the reverse repo by 25 bps (100 bps = 1 per cent).
- Now the repo rate stands at 5.15 per cent and reverse repo rate at 4.90 per cent.
- It also revised its growth forecast for the current financial from 6.9% to 6.1%.
Leave a Reply
Your Comment is awaiting moderation.