December 6, 2024 Today RBI Reserve Bank of India has decided to retain the repo rate unchanged at 6.5%, Governor Shaktikanta Das announced. For the 11th consecutive time the repo rate has remained unchanged at 6.5%. Meanwhile, the RBI cut the CRR cash reserve ratio by 50 basis points to 4%. This comes at a […]
Tag: Repo Rate
RBI reduces Repo Rate to 4% in prevailing situation
In wake of prevailing Covid-19 outbreak, Reserve Bank of India RBI cuts Repo rate by 40 bps to 4% from 4.4%.Reverse repo rate reduces by 40 bps to 3.35% from 3.75%. Inflation outlook uncertain. GDP Growth for FY may see a sharp fall even may go negative . A big concern says RBI Guv Shaktikanta […]