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RBI lowers repo rate by 25 bps to 6%, second cut in two months

Thursday, April 4, 2019, 12:25 PM

The RBI today cut its repo rate, or the rate at which it lends to banks, by 25 basis points to 6%. This is the second consecutive rate cut from RBI under new chief Shaktikanta Das, after a surprise rate cut in February. However, banks may be able to pass on the RBI's rate cut to borrowers only to a limited extent, say analysts.
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RBI likely to cut repo rate by 25 bps: Goldman Sachs

Thursday, March 28, 2019, 10:02 AM

Reserve Bank of India is likely to cut repo rate by 25 basis points in the April policy due to weak economic activity, benign inflation and soft global growth, says a report. The monetary policy committee is scheduled to meet from April 2 to 4. It expects inflation to remain below the RBIs medium term target until the end of 2019.
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In a first, SBI links pricing of loans, deposits to repo rate

Saturday, March 9, 2019, 12:24 PM

In a first-of-its kind move that will ensure faster monetary transmission, the nation's largest lender State Bank of India, which controls nearly a quarter of the banking system, announced linking of its savings deposits rates and short-term loans to the RBI's repo rate. The new rates linked the external benchmark rate of the repo rate, will be effective May 1, the bank said.

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