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RBI Monetary Policy: Shaktikanta Das keeps interest rates unchanged

Thursday, December 5, 2019, 12:51 PM

The Reserve Bank of India (RBI) released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee(MPC), led by Governor Shaktikanta Das, decided to keep the policy repo rate unchanged at 5.15%. In 2019, the RBI has cut repo rate by 135 basis points so far to a nine-year low of 5.15%. Analysts were expecting another 25 basis points cut.
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RBI cuts repo rate by 25 basis points

Friday, October 4, 2019, 12:00 PM

The Reserve Bank of India (RBI) today cut its benchmark interest rates (repo rate) for the fifth time this year to boost economic growth. The RBI today cut repo rate by 25 basis points to 5.15%, which takes its cumulative cuts so far this year to 135 bps. The RBI also cut its GDP growth estimates to 6.1%, from earlier estimate of 6.9%.
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RBI set to cut rates again as fiscal measures fail to cheer

Thursday, October 3, 2019, 10:58 AM

The RBI is expected to cut benchmark interest rates for the fifth-time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25bps to 5.15%, which would take cumulative cuts so far this year to 135bps.

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