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India’s central bank cuts rates by 25 bps; changes stance to ‘accommodative’

It was fourth rate cut by the central bank in a row. The short-term lending rate now stands at 5.40 per cent. The MPC felt standard 25 bps rate cut might have been and 50 bps rate cut a bit excessive, RBI Governor Shaktikanta das told reporters. Four out of six committee members voted in favour of the 35 bps rate cut.

The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its policy stance to "accommodative," after latest data showed.

RBI cuts interest rates by 25 bps to 5.75% third time this year to boost growth; changes stance to accommodative Business Press Trust of India Jun 06, 2019 13:31:37 IST Amid concerns of a slow down in the economy, the central bank lowered its gross domestic product (GDP) forecast to 7 percent for the current fiscal from 7.2 percent projected.

The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its monetary policy stance to "accommodative" after the economy.

RBI Monetary Policy Latest Updates: RBI changes monetary policy stance from neutral to accommodative. The central bank cuts benchmark lending rate by 0.25 percent to 5.75 percent. The Reserve Bank will go for an unconventional 0.35 percent cut in its key lending rate at the forthcoming review on Thursday as inflation is within its comfort range.

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Editor’s Take | RBI cuts repo rate by 25 basis points, shifts stance to accommodative With the central bank focusing on boosting consumption and investment, the RBI has changed its stance from.

 · The Reserve Bank of India’s (RBI) monetary policy committee (MPC) on Wednesday lowered its repo rate by an unconventional 35 basis points to 5.4%. This is the fourth reduction in a row of its key policy rate since Shaktikanta Das took over as the governor of the central bank.

with the rest expecting a 25 basis-point reduction. Real interest rates in India are among the highest in Asia, and calls for the first cut in the policy rate since August 2017 have been growing.

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BENGALURU (Reuters) – The Reserve Bank of India cut its policy interest rate by 25 basis points in a widely expected move on Thursday, while also changing its monetary policy stance to "accommodative" after the economy grew at its slowest pace in over four years in the January-March quarter.

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