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RBI cuts key lending rate to boost growth – Social News XYZ

In a move that may lead to lower home, auto and other loan EMIs, the RBI Thursday cut interest. of the past two policy rate cuts. Hence, there is scope for the MPC to accommodate growth concerns by.

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The Reserve Bank of India (RBI) Governor Shaktikanta Das listens to a question during a news conference in Mumbai, India, June 6, 2019.. Interest rate cuts are designed to increase the supply.

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Mumbai: The Reserve Bank of India (RBI) cut key lending rates by another 35 basis points to 5.40 per cent on Wednesday. The repo rate is lowest since April 2010. Benchmark interest rate was cut by 0.35 per cent to 5.40 per cent from 5.75 per cent amid low inflation, faltering economic growth and uncertain global scenario.

Mumbai: The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to boost the slowing. basis points each. The.

New Delhi: The Monetary Policy Committee headed by RBI Governor Shaktikanta Das on Monday started deliberations on the third bi-monthly policy review of the current financial year, amid expectations of yet another 25 basis points cut in lending rate to boost the slowing economy. The central bank has already reduced the repo rate three times in the last as many MPC meetings.

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Disappointed by the RBI’s move to leave the key rate unchanged. over Rs 57,000 crore to bank funds for lending. The Reserve Bank should have taken a bold move and cut the policy interest to boost.

The RBI under its new Governor Shaktikanta Das has cut its key rates by a cumulative 0.50 percent since he took charge. The central bank has slashed the short-term lending rate (repo rate) by 25 basis points (0.25 percentage points) each in its last two policy reviews. The next meeting of the MPC is scheduled during August 5 to 7, 2019.