- The Reserve Bank of India in its Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) has reduced the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent.
Hence the new rates are as under:
- Repo Rate: 6.25%
- Reverse Repo Rate: 6.00%
- Marginal standing facility (MSF) rate and the Bank Rate: 6.50%
- CRR: 4%
- SLR: 19.25%
- The MPC also decided to change the monetary policy stance from calibrated tightening to neutral.
- India’s real gross domestic product (GDP) growth for 2018-19 as per CSO is 7.2 per cent.