RBI Reduces Repo Rate by 25 bps to 5.15%

RBI Reduces Repo Rate by 25 bps to 5.15%

• In its Fourth Bi-monthly Monetary Policy Meeting, 2019-20, the Reserve Bank of India has reduced the Repo rate under the liquidity adjustment facility (LAF) by 25 bps to 5.15%. The various rates are:
  1. Policy Repo Rate : 5.15%
  2. Reverse Repo Rate : 4.90%
  3. Marginal Standing Facility Rate : 5.40%
  4. Bank Rate : 5.40%
  5. CRR : 4%
  6. SLR : 18.75%
• RBI has revised the GDP growth target for 2019-20 to 6.1 percent. For 2020-21, GDP outlook is 7.2%.
• The central bank has also decided to continue with accommodative stance.

Points to Remember:

1. Repo rate has been reduced by how many bps in fourth bi-monthly policy meeting?
2. All the rates?
3. Stance?