Reserve Bank of India (RBI) cuts its key lending rate
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by 25 basis points to 5.15% in an effort to boost a sluggish economy as inflation remains in a comfortable zone. This is the 5th consecutive rate cut by the apex bank this year.
Topics: Central bank • Economy • Finance • Finance in India • Inflation • Interest Rates • Monetary Policy • Monetary policy of India • Money • Official bank rate • Repurchase agreement • Reserve Bank of India
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