Reserve Bank of India cuts Repo rates by 0.35 percent

RESERVE BANK OF INDIA CUTS REPO RATES   For: Mains Topics covered: New Repo rates – its impacts and significances, Reserve Repo rate, Monetary Policy Committee, MCLR   News Flash In third bi-monthly Monetary Policy Statement for 2019-20, the Monetary Policy Committee (MPC) of the Reserve Bank of India, cut the repo rate by 0.35 percent. The decision was taken to boost the economy. The repo rate now stands at 5.40 percent. Marginal standing facility…

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