Last Updated : Feb 19 2019 11:06PM     Screen Reader Access
News Highlights
Eliminated J&K's Jaish leadership within 100 hours of Pulwama attack: Army            Not surprised with Pak's refusal to acknowledge Pulwama attack: India            Saudi Crown Prince arrives in India            Cabinet approves re-promulgation of triple talaq ordinance            BJP, AIADMK seal alliance in Tamil Nadu for Lok Sabha polls           

Business News

Feb 07, 2019
8:16PM

RBI cuts repo rate, reverse repo rate in its bi-monthly monetary policy

ANI
Reserve Bank of India in its bi-monthly monetary policy has reduced repo rate by 25 basis points to 6.25 per cent. RBI's six-member monetary policy committee also brought down reverse repo rate to 6 per cent.

The repo rate is the rate at which the Reserve Bank lends short-term money to the banks, while the reserve repo rate is the rate at which the central bank borrows money from commercial banks. It was the first policy review by the RBI after appointment of its governor Shaktikanta Das in December last year. 

Addressing the media in Mumbai today, Mr Das said that inflation had fallen to 18-month low of 2.19 per cent in December and was expected to remain in the range of 3.2 - 3.4 per cent in  April - September which is lower than previous RBI prediction of 3.8 - 4.2 per cent range. Mr Das also hinted at more rate cuts in future as inflation is slowing down.

The RBI governor said that they expect GDP growth rate to be at 7.4 per cent in fiscal 2019-20 which is up from 7.2 per cent estimated for financial year 2018-19 by central statistical organization. 
 

   Related News

Live Twitter Feed

Listen News

Morning News 19 (Feb) Midday News 19 (Feb) News at Nine 19 (Feb) Hourly 19 (Feb) (2300hrs)
समाचार प्रभात 19 (Feb) दोपहर समाचार 19 (Feb) समाचार संध्या 19 (Feb) प्रति घंटा समाचार 19 (Feb) (2200hrs)
Khabarnama (Mor) 19 (Feb) Khabrein(Day) 19 (Feb) Khabrein(Eve) 19 (Feb)
Aaj Savere 19 (Feb) Parikrama 19 (Feb) Lok Ruchi Samachar 17 (Feb)

Listen Programs

Market Mantra 19 (Feb) Samayki 19 (Feb) Sports Scan 19 (Feb) Spotlight/News Analysis 19 (Feb)
    Public Speak

    Country wide 14 (Feb) Surkhiyon Mein 14 (Feb) Charcha Ka Vishai Ha 13 (Feb) Vaad-Samvaad 19 (Feb) Money Talk 19 (Feb) Current Affairs 8 (Feb)