RBI policy LIVE | MPC cuts repo rate by 35 bps; lowers growth target
Reserve Bank of India has reduced the repo rate by unusual 35 basis points, in a bid to increase the transmission of rate to the customers. Stay tuned for live updates.
RBI will use its liquidity management instruments to ensure systematic requirements are adequately provided, says Das.
06:5207 Aug 2019
The weighted average call money rate (WACR) – the operating target of monetary policy – was aligned with the policy repo rate in June, but it traded below the policy repo rate on a daily average basis by 14 bps in July and 17 bps in August.: Das
06:5107 Aug 2019
RBI has decided to introduce the stripping/reconstitution facility for state developoment loans.
06:4707 Aug 2019
Sufficient liquidiy has been provided to the system, says RBI governor.
06:4607 Aug 2019
RBI has decided to introduce the stripping/reconstitution facility for state developoment loans.