Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das today announced its first meeting for the Financial year 2019-20. This is the 2nd Monetary Policy for Shaktikanta Das after his appointment as new RBI Governor.
In second RBI Monetary policy of Shaktikanta Das reduced repo rate 0.25 points 6.25% to 6%. Last month Monetary Policy Committee of reduced 0.25 points of Repo rate, this was first meeting conducted by RBI New Governor. Reserve Bank of India (RBI) on Thursday cut its key interest rate by 25 basis points or 0.25 per cent to 6 per cent.This is second time Reserve Bank of India bring it down 25 bps in 2019.
In Six Members of Monetary Policy Committee, Four Members voted for reduce repo rate 0 .25 points 6.25% to 6%. and other two members voted for keep the Repo rate unchanged. Central Bank of India expected GDP growth at 7.2 per cent for financial year 2019-20.
In second RBI Monetary policy of Shaktikanta Das reduced repo rate 0.25 points 6.25% to 6%. Last month Monetary Policy Committee of reduced 0.25 points of Repo rate, this was first meeting conducted by RBI New Governor. Reserve Bank of India (RBI) on Thursday cut its key interest rate by 25 basis points or 0.25 per cent to 6 per cent.This is second time Reserve Bank of India bring it down 25 bps in 2019.
In Six Members of Monetary Policy Committee, Four Members voted for reduce repo rate 0 .25 points 6.25% to 6%. and other two members voted for keep the Repo rate unchanged. Central Bank of India expected GDP growth at 7.2 per cent for financial year 2019-20.