National Current Affair. RBI cuts Repo Rate by 35 basis points; lowers GDP growth forecast to 6.9 percent Reserve Bank of India (RBI) cuts repo rate by 35 basis points (bps) in its third bi-monthly policy review of the financial year 2019-20. It was RBI’s fourth continues rate cut in a row. Six-member Monetary Policy Committee (MPC) of the RBI decided to cut the repo rate on the basis of an assessment of the current and evolving macroeconomic situation. As per the information released by RBI, CPI inflation is projected at 3.1% for Q2 FY20 and 3.5-3.7% for H2 FY20. The MPC led by RBI Governor Shaktikanta Das decided to: • Reduce the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points (bps) from 5.75 percent to 5.40 percent with immediate effect. • Consequently, the reverse repo rate under the LAF stands revised to 5.15%, and the marginal standing facility (MSF) rate and the Bank Rate to 5.65%. • The MPC also decided to maintain the accommodative stance of monetary policy. - Study24x7
Social learning Network
Daily Current Affairs
2086 followers study24x7 08 Aug 2019 10:19 AM study24x7 study24x7

National Current Affair. RBI cuts Repo Rate by 35 basis points; lowers GDP growth forecast to 6.9 percent Reserve Bank of India (RBI) cuts repo rate by 35 basis points (bps) in its third bi-monthly policy review of the financial year 2019-20. It was RBI’s fourth continues rat...

See more

SSC Banking UPSC
Like Comment Share | 1
study24x7
Write a comment
Related Questions
500+   more Questions to answer

Popular Courses

Reasoning Special by Parwez Sir for... All Levels हिन्दी By Reasoning special by Parwez Alam
Post Graduate Certificate in Invest... Beginners Level English By Investment Banking 590,000 625,000 6% off
Average and Alligation for Bank PO ... All Levels हिन्दी By logicalangle
Online Free SSC Mock Tests All Levels English By Topline Coaching
FREE MOCK TEST FOR SSC CGL All Levels English By SSC Preparation Strategies & Study ...
English Special Course for SSC CGL,... All Levels English By Topline Coaching 999 1,499 33% off
GS 300 : Crash Course for BPSC & UP... Intermediate Level हिन्दी By Observer IAS 13,000 18,000 28% off
Delhi Police Constable 2020 Live on... All Levels English By PARINAM COACHING CENTRE PVT LTD 1,499 2,499 40% off
BANKING AWARENESS PREMIUM COURSE All Levels English By RAU IAS COACHING 499 799 38% off
G.S. Foundation Premium Course All Levels हिन्दी By RAU IAS COACHING 2,199 4,199 48% off
Featured Courses
Popular Pages

Featured Courses

Post Graduate Certificate in Investment Banking Beginners Level English By Investment Banking 590,000 0.0
BESTSELLER
Reasoning Special by Parwez Sir for all Government... All Levels हिन्दी By Reasoning special by Parwez Alam
FREE
5.0
IBPS PO (PRE) English Special by Pooja Mam All Levels English By Topline Coaching
FREE
5.0
GS 300 : Crash Course for BPSC & UPPSC Mains & PT Intermediate Level हिन्दी By Observer IAS 13,000 5.0
BANKING AWARENESS PREMIUM COURSE All Levels English By RAU IAS COACHING 499 5.0
BESTSELLER
SSC CGL, CPO, CHSL, GD Comprehensive Course All Levels English By Topline Coaching 3,999 5.0
Ratio,Proportion and Partnerships for Bank and SSC... All Levels हिन्दी By logicalangle
FREE
5.0
Government Jobs Exam Syllabus All Levels English By GOVERNMENT JOB NOTIFICATION
FREE
5.0
G.S. Foundation Premium Course All Levels हिन्दी By RAU IAS COACHING 2,199 5.0
English Special Course for SSC CGL, CPO, GD All Levels English By Topline Coaching 999 5.0

Popular Pages

Reasoning special by Parwez Alam

148 followers

SAT (Scholastic Assessment Test)

18 followers

Study24x7

1225 followers

Henry Harvin

60 followers

CBSE Study Materials

86 followers

Get the App

Download the Study24x7 App, so you can connect and collaborate.

study24x7
study24x7
Most Related Articles