RBI cuts repo rate by 25 basis points to 6.25%, a first in 5 years
15 hours ago · RBI MPC Meeting February 2025: The Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) Friday cut the repo rate — the rate at which the RBI lends to other banks — by 25 basis points to 6.25 per cent. This is the first rate cut initiated by the RBI in five years, the last one being in May 2020. The repo rate, till now, stood at 6.5 per cent.
RBI MPC cuts repo rate for first time in 5 years: Governor Sanjay ...
15 hours ago · RBI MPC Meeting Repo Rate: The RBI's Monetary Policy Committee, led by new Governor Sanjay Malhotra, cut the repo rate by 25 basis points to 6.25%, maintaining a neutral stance. This change follows eleven meetings with an unchanged rate. Additionally, the Cash Reserve Ratio was reduced to 4% in December to boost liquidity. The RBI projects 7.2% GDP growth for 2024-25.
RBI cuts repo rate by 25 basis points, first rate cut since 2020
14 hours ago · The Reserve Bank of India's Monetary Policy Committee cut the repo rate by 25 basis points to 6.25%, citing declining inflation and a positive growth outlook. Governor Sanjay Malhotra maintained a neutral stance due to global uncertainties and highlighted the significant forex reserves and upcoming regulatory changes to improve market efficiency.
Reactions to RBI repo rate cut | Reuters
14 hours ago · The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest ...
RBI Monetary Policy Meeting Highlights: Repo rate cut, concerns …
15 hours ago · RBI MPC Meet 2025 Highlights: The Reserve Bank of India reduced the repo rate by 25 basis points, lowering it to 6.25%, under the leadership of new Governor Sanjay Malhotra. The decision was influenced by a resilient Indian economy amidst global uncertainties and marked the first reduction since May 2020.
What is Repo Rate and Reverse Repo Rate: Current Repo Rate in India …
Dec 27, 2024 · Reserve Bank of India Lends money to Commercial Banks at Repo rate, i.e. Reserve Bank of India (RBI) to maintain liquidity, in case of shortage of funds or due to some statutory measures. It is one of the main tools of RBI to keep inflation under control.
Reserve Bank of India
3 days ago · Daily Variable Rate Repo (VRR) Auction: Withdrawal of ₹2000 Denomination Banknotes – Status: ... Welcome to the refurbished site of the Reserve Bank of India. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved ...
NSDP Display - Reserve Bank of India
Jan 24, 2025 · Data on forward premia are sourced from FBIL with effect from October 13, 2023. Figures in parentheses include the impact of merger of a non-bank with a bank.
Repo Rate Meaning, Current Repo Rate, And History Of RBI ... - Forbes India
Dec 19, 2024 · Repo Rate in its full form, or "REPO," stands for "Repurchasing Option" Rate. It's also known as the "Repurchasing Agreement." The Repo Rate, set by the Reserve Bank of India (RBI), is the...
Why did RBI cut Repo rate? - The Indian Express
14 hours ago · After holding the repo rate at 6.50 per cent for two years, the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) has reduced the key policy rate by 25 basis points (bps) to 6.25 per cent. While this marks the first repo rate cut in nearly five years, the RBI decision will ...