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RBI cuts Repo Rate by 25 bps

RBI cuts Repo Rate by 25 bps

Wednesday, August 2, 2017, 2:57 PM

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee decided to reduce the policy repo rate under the liquidity adjustment facility by 25-basis points from 6.25% to 6.0% with immediate effect. Consequently, the reverse repo rate under the LAF stands adjusted to 5.75%, and the marginal standing facility rate and the Bank Rate to 6.25%.
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