RBI Cuts Repo Rate By 25 Basis Points

Name: RBI Cuts Repo Rate By 25 Basis Points
Uploaded: 2019-02-07T12:22:24+00:00
Channel: Xappie
Description: RBI Cuts Repo Rate By 25 Basis Points

The Reserve Bank has reduced the repo rate by 25 basis points on Thursday, thus bringing it down from the earlier 6.50 percent to 6.25 percent. The reverse repo rate will remain as 6.25 percent. The new repo rate was decided in a maiden three-day long meeting led by the newly appointed RBI Governor Shaktikanta Das. The repo rate was previously changed in August, 2017.

RBI Cuts Repo Rate By 25 Basis Points

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