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:
- What is the present Repo Rate?- 4.0%
- What is the present Reverse Repo Rate?- 3.35%
- What is the MSF Rate and Bank Rate?- 4.25%
- What is the stance of Monetary Policy Committee (MPC) meeting on May 22, 2020?- Accommodative
Source: RBI