In the fourth bi-monthly monetary policy, the Reserve Bank of India (RBI) has announced a 25 bps rate cut to 5.1%. Stance remains accommodative. Stay tuned for live updates.
The RBI today reduced the policy repo rate to 5.15%, reverse repo rate to 4.90% and bank rate to 5.40%. The MPC also decided to continue with an accommodative stance.
07:3004 Oct 2019
While it is the fifth consecutive rate cut this year, it is insufficient to support the flagging consumer demand, says Shishir Baijal, Chairman & Managing Director, Knight Frank India.
07:2404 Oct 2019
The repo rate cut of 25 bps to 5.15% announced today is in line with expectations. It can probably go some way in improving consumer sentiments ahead of the festive season, says Anuj Puri, Chairman – Anarock Property Consultants
07:2004 Oct 2019
India-US trade issues will get resolved soon, says Das.
07:1904 Oct 2019
Question of possibility of a sovereign bond issue should be put to the govt, says Das