RBI cuts repo rate by 25 base points to 6 per cent; reverse repo rate falls to 5.75 per cent



The Reserve Financial institution of India Thursday minimize repo fee by 25 base factors to six.00 p.c. The reverse repo fee, in the meantime, fell to five.75 p.c. The financial institution retained "impartial" financial coverage stance and projected the GDP development for 2019-20 at 7.2 per cent. The Reserve Financial institution of India additionally revised downward retail inflation estimate to 2.four per cent in This fall FY19, 2.9-Three per cent in H1 FY20 and three.5-Three.eight per cent in H2 FY20, primarily as a result of decrease meals and gas costs in addition to expectation of a traditional wet season.

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