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.