6th bi-monthly monetary policy statement Current Affairs, GK & News

RBI Sixth bi-monthly Monetary Policy Statement 2018-19: Key Facts

The important facts related to the RBI’s sixth bi-monthly monetary policy statement for 2018-19 is listed below: RBI has relaxed the CPI or retail inflation forecasts for India in FY20. Because of the low inflation forecasts, RBI has decided to trim down policy repo rate by 25 basis points, taking the overall interest rate down ..

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RBI cuts repo rate by 25 basis point

Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 7.75 percent from 8 percent, with immediate effect. It was announced ahead of the scheduled date of monetary policy announcement on 3rd February 2015 as part of RBI’s 6th bi-monthly monetary policy statement. RBI’s 6th bi-monthly monetary policy statement says ..

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