The Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday termed the steeper 0.35 percent repo rate cut as a 'balanced' call given the domestic and global developments. He explained that a 0.25 percentage points reduction, as it has done thrice this year since February, would have been 'inadequate', while a 0.50 percentage points cut would have been 'excessive'. The six-member Monetary Policy Committee (MPC) for the fourth consecutive times in a 4:2 vote resolved to cut the rates by 0.35 percent, taking the total cuts during 2019 to 1.10 percent to a near record low of 5.40 percent. Watch this video to know more. (Text: PTI)
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Watch RBI Governor explains why MPC went for an 'unprecedented' 35 bps rate cut | Economic Times With HD Quality.
The Reserve Bank of India (RBI) Governor Shaktikanta Das Wednesday termed the steeper 0.35 percent repo rate cut as a 'balanced' call given the domestic and global developments. He explained that a 0.25 percentage points reduction, as it has done thrice this year since February, would have been 'inadequate', while a 0.50 percentage points cut would have been 'excessive'. The six-member Monetary Policy Committee (MPC) for the fourth consecutive times in a 4:2 vote resolved to cut the rates by 0.35 percent, taking the total cuts during 2019 to 1.10 percent to a near record low of 5.40 percent. Watch this video to know more. (Text: PTI)
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Watch RBI Governor explains why MPC went for an 'unprecedented' 35 bps rate cut | Economic Times With HD Quality
News video | 278 views
At a press meet after the three-day Monetary Policy Committee meet, RBI Governor Shaktikanta Das announced the fifth consecutive repo rate cut of 25 basis points while maintaining an accommodative stance and slashing projected GDP for ro19-20 from 6.9% to 6.1%. Here are the key announcements from the press meet. Watch
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Watch RBI MPC slashes GDP projection, announces 5th consecutive rate cut of 25 bps With HD Quality
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RBI MPC Meet | RBI की मॉनेटरी पॉलिसी कमेटी की मीटिंग आज से, 8 जून को MPC के फैसलों का होगा ऐलान
News video | 156 views
The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday cut repo rate by 35 basis points in its third bi-monthly policy review of the financial year. It was fourth rate cut by the central bank in a row. The short-term lender rate now stands at 5.40 per cent. Persistent weakening of core inflation has kept the headline rate below the central bank’s 4 per cent target for the 11th straight month in June and, thus, the rate cut was largely in line with Street expectations.
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Watch RBI credit policy: MPC cuts repo rate by 35 bps to 5.40%, maintains accommodative stance With HD Quality
News video | 171849 views
The Reserve Bank for the second time in two months Wednesday raised its benchmark interest rate by 25 basis points on inflationary concerns, a move that will make home, auto and other loans expensive. With five of its members voting for the increase, the 6-member Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel, increased repo rate, at which it lends to other banks, to 6.5 per cent but kept its policy stance as 'neutral'. The reverse repo rate, at which it borrows from banks, was also raised by similar proportion to 6.25 per cent. The marginal standing facility (MSF) rate and the Bank Rate were also raised to 6.75 per cent. (Text: PTI)
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All eyes are now set on the Reserve Bank of India’s monetary policy review on Friday, where the central bank is widely expected to cut repo rates. The Reserve Bank of India is set to lower its benchmark repurchase rate for a fifth time this year. The jury is still out on whether the central bank will go for a 25 bps or a deeper rate cut to boost the sagging economy. ET NOW poll also suggests RBI will Maintain an Accommodative stance.
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Watch RBI policy review: MPC likely to cut repo rate by 25 basis points With HD Quality
News video | 1875 views
RBI ने किया मौद्रिक नीति का ऐलान
ब्याज दरों में बदलाव नहीं: RBI
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Breaking News: RBI ने किया Monetary Policy का ऐलान, 'ब्याज दरों में बदलाव नहीं' | Repo Rate |RBI MPC
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रेपो रेट पर आ गया RBI का बड़ा फैसला, लोन होगा सस्ता? | RBI MPC Decision | Repo Rate
News video | 120 views
Continuing to deliver good news for borrowers, the Reserve Bank of India (RBI) has announced another repo rate cut by 25 basis points. This is the third time in a row that the central bank has cut key rates this calendar year. Borrowers can hope for more rate cuts in the future as monetary policy stance has been changed from neutral to accommodative. Here is how Thursday's key announcements will affect your personal finances. (Text: ET Online)
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Watch RBI monetary policy: What the rate cut means for your money | Economic Times With HD Quality
News video | 383 views
The Reserve Bank of India's money policy announcement was largely on expected lines, but analysts felt the rate cut would not do much either for growth push or to help market sentiment. In an interview with Pranbihanga, Associate Editor, ET.com, Mythili Bhusnurmath, Consulting Editor, ETNOW, does a deep dive to tell you what is in it for you and me.Watch RBI neither here, nor there with 25 bps rate cut With HD Quality
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