5 key takeaways from RBI's monetary policy committee meet
The RBI has cut GDP growth projection for 2019-20 to 7.2% versus 7.4% forecasted in February policy meet; retail inflation lowered to 2.4% for the fourth quarter of 2018-19, which was pegged at 2.8% in the last policy meet
- Apr 4, 2019,
- Updated Apr 4, 2019 3:52 PM IST
In line with market expectations, the Reserve Bank of India (RBI) on Thursday lowered repo rate by 25 basis points to 6 per cent and maintained the neutral stance of monetary policy, in its first bi-monthly rate review of financial year 2019-2020. Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.
Here're the key takeaways from the RBI policy meet:
In line with market expectations, the Reserve Bank of India (RBI) on Thursday lowered repo rate by 25 basis points to 6 per cent and maintained the neutral stance of monetary policy, in its first bi-monthly rate review of financial year 2019-2020. Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent.
Here're the key takeaways from the RBI policy meet: