RBI reduces Repo Rate by 40 bps to 4.0 per cent in Monetary Policy Committee (MPC) Meet May 20 to 22, 2020

RBI reduces Repo Rate by 40 bps to 4.0% in Monetary Policy Committee (MPC) Meet May 20 to 22, 2020

The Reserve Bank of India in its Monetary Policy Committee (MPC) meeting on May 22, 2020 has decided to:

  • Reduce Repo Rate by 40 bps to 4.00% from 4.40% earlier.
  • Reverse repo rate has been reduced to 3.35%
  • The marginal standing facility (MSF) rate and the Bank Rate stands at 4.25%
  • The MPC decided to continue with the accommodative stance.

Points to remember:

  1. What is the present Repo Rate?- 4.0%
  2. What is the present Reverse Repo Rate?- 3.35%
  3. What is the MSF Rate and Bank Rate?- 4.25%
  4. What is the stance of Monetary Policy Committee (MPC) meeting on May 22, 2020?- Accommodative

Source: RBI

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