RBI Cuts Repo Rate

RBI Cuts Repo Rate by 25bps to 5.75%

The Reserve Bank of India, RBI cuts repo rate by 25bps to 5.75% from 6% on 6th June 2019. RBI also decided to change the stance of monetary policy to accommodative from neutral and lowered GDP growth forecast to 7% from 7.2%, in its second Bi-monthly monetary policy meet of the financial year 2019-20.

Reverse Repo Transaction

What is Reverse Repo Rate?

Revese Repo Rate is the key instrument of monetary policy of India that is used to control the supply of money in the economy. In this article, we will discuss what is Reverse Repo Rate in detail.