RBI Policy: MPC Cuts Repo Rate By 25 Basis Points To 6.25%

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

Also, the stance of the central bank has been changed 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 decided to reduce the policy repo rate under the liquidity adjustment facility by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect," said the policy statement.

For more information ✆ +91- 6232578593 or visit www.moneymarketmanthan.com