RBI reduces Repo Rate by 25 bps to 6.0% in First MPC 2019-20

RBI reduces Repo Rate by 25 bps to 6.0% in First MPC 2019-20

• The Reserve Bank of India in its First Bi-monthly Monetary Policy Statement, 2019-20 has reduced the Repo Rate by 25 basis points to 6.0 per cent from 6.25 per cent.
• As a result the reverse repo rate stands at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate are 6.25 per cent.
• RBI has revised the GDP growth rate for 2019-20 at 7.2 per cent.
• The revised rate are as under:
  • Repo Rate: 6.0%
  • Reverse Repo Rate:5.75%
  • Marginal Standing Facility Rate:6.25%
  • Bank Rate:6.25%
  • CRR: 4%
  • SLR: 19.5%