RBI repo rate

RBI repo rate News

RBI likely to reduce repo rates by 25 bps on Oct 4: Goldman Sachs

The central bank, which has already reduced the key policy rate four times in the current calendar year, is scheduled to announce its next bi-monthly monetary policy on October 4.

To spur growth, RBI cuts interest rate, stance now accommodative

This is the third such rate cut of 25 basis points in calendar year 2019. With this, the RBI’s main policy rate now stands at a level touched almost nine years ago in July 2010.


Eye on growth

RBI cuts rates, but its impact on economic activity depends on banks transmitting it to borrowers

RBI cuts repo rate by 25 bps to 5.75%, changes monetary policy stance to 'accomodative'

RBI Monetary Policy 2019 Repo Rate: This is the third straight interest-rate cut under RBI Governor Shaktikanta Das, who also heads the Monetary Policy Committee (MPC).

Explained: New SBI interest rate rules for savings account, short term deposits

On savings accounts with deposits above Rs 1 lakh, SBI will be providing interest rate to customers that is 275 basis points lower than the Reserve Bank of India's repo rate, resulting in effective rate of 3.25 per cent per annum as against the 3.5 per cent rate prevalent currently.

RBI cuts key rate to 6%, lowers growth forecast for 2018-19

The six-member Monetary Policy Committee of the RBI voted 4:2 in favour of the rate cut.


Being dovish

RBI has done well to lower rates. But it would do better to focus on liquidity

Waiting for the cut

It’s not a useful strategy. Because the heavy-lifting to revive growth must be done by government, not RBI

RBI Monetary Policy review: Pause or hike, opinion divided

With lack of clarity on inflationary and fiscal risks, neutral stance may persist.

Sensex soars 577 points on higher growth forecast, global cues

The BSE Sensex, which opened strong at 33,289.96, surged to the session's high of 33,637.46 soon after the RBI's policy announcement, before finally ending at 33,596.80, up 577.73 points, or 1.75 per cent.