RBI Bi-Monthly Monetary Policy Meet Key Highlights (7th August 2019)

RBI Cuts Repo Rate By 35bps to 5.40% | RBI Monetary Policy Review Aug 2019

Reserve Bank of India, RBI cuts repo rate by 35bps to 5.40% from 5.75% on 7th August 2019. RBI also decided to maintain the accommodative stance of monetary policy and lowered GDP growth forecast to 6.9% from 7%, in its third Bi-monthly monetary policy meet of the financial year 2019-20.