A- A A+
Last Updated : Nov 17 2019 10:40AM     Screen Reader Access
News Highlights
Looking forward to a productive winter session of Parliament: PM Narendra Modi            Finance Ministry discusses simplification of GST forms, making filing process more user- friendly            First Night trial of surface-to-surface medium-range missile Agni-II conducted successfully            Pak doesn't deny sending terrorists to India: EAM Jaishankar            India record best-ever 9 medal haul at World Para Athletics Championship           

National News

Apr 04, 2019
1:23PM

RBI cuts repo rate by 25 basis points

PTI
The Reserve Bank of India (RBI) has cut its repo rate under liquidity adjustment facility (LAF), or the rate at which it lends to banks, by 25 basis points to 6%, with immediate effect. 

This is the second consecutive rate cut from RBI under new Governor Shaktikanta Das, after a rate cut in February. 

The RBI on Thursday announced its first bi-monthly policy statement of the current financial year. 

Consequently, the reverse repo rate under the LAF stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.

The six-member Monetary Policy Committee (MPC) led by RBI Governor also decided to maintain the neutral monetary policy stance. 

These decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of plus or minus 2 per cent while supporting growth.

   Related News

Live Twitter Feed

Listen News

Morning News 17 (Nov) Midday News 16 (Nov) News at Nine 16 (Nov) Hourly 17 (Nov) (1005hrs)
समाचार प्रभात 17 (Nov) दोपहर समाचार 16 (Nov) समाचार संध्या 16 (Nov) प्रति घंटा समाचार 17 (Nov) (1000hrs)
Khabarnama (Mor) 17 (Nov) Khabrein(Day) 16 (Nov) Khabrein(Eve) 16 (Nov)
Aaj Savere 17 (Nov) Parikrama 16 (Nov)

Listen Programs

Market Mantra 16 (Nov) Samayki 16 (Nov) Sports Scan 16 (Nov) Spotlight/News Analysis 16 (Nov) Samachar Darshan 15 (Nov) Radio Newsreel 16 (Nov)
    Public Speak

    Country wide 7 (Nov) Surkhiyon Mein 7 (Nov) Charcha Ka Vishai Ha 13 (Nov) Vaad-Samvaad 29 (Oct) Money Talk 29 (Oct) Current Affairs 15 (Nov)