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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…

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CII wants RBI to cut repo rate, CRR by 50 bps

The Confederation of Industry (CII) which met RBI Governor Shaktikanta Das on Thursday, has sought policy measures for easing the tight liquidity situation by effecting a cut in cash reserve ratio of at least 50 basis points to boost credit flow. The deduction in repo rate will measure the flow of credit of MSMEs and Infrastructure sector.   The CII delegation comprised Uday Kotak, President of CII; Adi Godrej Past President of CII; Chandrajit Banerjee, Director General of CII and Vinayak Chatterjee the Chairman of CII Economic Affairs Council further suggested…

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