Monetary Policy(Search results - 3)
EconomyAug 7, 2019, 5:20 PM IST
Reserve Bank of India lowers GDP projection for 2019-20 from 7% to 6.9%
The Gross Domestic Product (GDP) has been lowered marginally from 7% to 6.9% for the year 2019-20. The Reserve Bank of India has cut the repo rate by an unusual 0.35 percentage points to 5.40% in its third monetary policy review for the current financial year. Repo rate is the rate at which the RBI lends to banks.
EconomyApr 4, 2019, 12:53 PM IST
RBI repo rate cut brings happiness even amid model code of conduct
The Monetary Policy Committee (MPC) has said that the reduction in repo rate is to aid domestic growth and encourage private investments in the country.