RBI cuts lending rate by 0.25%, retains policy stance at neutral | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates
Home / HEADLINES / INDIA / RBI cuts lending rate by 0.25%, retains policy stance at neutral

RBI cuts lending rate by 0.25%, retains policy stance at neutral

The central bank, however, kept monetary policy stance ‘Neutral’ over uncertainty over monsoon.

It also kept GDP growth forecast for the 2018-19 at 7.2 per cent. 

In the second policy review under Governor Shaktikanta Das, the six-member Monetary Policy Committee voted 4:2 in favour of the rate cut. The benchmark interest rate was cut by 0.25 per cent to 6 per cent, a move which will result in lower cost of borrowing for banks that are expected to transmit the same to individuals and corporates.

 

 

Please share this news