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RBI cuts repo rate by 25 basis points to 6.25%

The RBI monetary policy committee cut repo rate by 25 basis points to 6.25 per cent in its sixth bi-monthly monetary policy. Consequently, the reverse repo has come down to 6 per cent.

And the marginal standing facility (MSF) rate and the Bank Rate come down to 6.5 per cent.

The six-member MPC, headed by Reserve Bank of India (RBI) governor Shaktikanta Das, also decided to change the monetary policy stance from calibrated tightening to neutral.

  “On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect.”said the policy statement.
RBI | National News
RBI  said in its statement that these decisions are in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent while supporting growth.

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