Business Today

RBI Cuts Repo Rate By 25 BPS At 5.25% | Repo Rate Cut Impact On Markets, Economy & Rupee

The Reserve Bank of India (RBI) has slashed its repo rate by 25 basis points from 5.5% to 5.25%. The decision was taken unanimously after a three-day meeting of the RBI's Monetary Policy Committee (MPC), which is held every two months to draw up the central bank's financial strategy. It weighed record low inflation against a falling rupee that hit its lowest yesterday. The MPC had earlier reduced the key lending rate in June from 6% to 5.5% in view of a softening inflation. A cut in the repo rate is expected to translate into lesser loan EMIs for retail borrowers. Catch Shailendra Bhatnagar in conversation with Aditi Nayar, Chief Economist, ICRA, Rumki Majumdar, Economist, Deloitte and Subramanian Sharma, Founder Director, Greenback Advisory Services Pvt Ltd decoding the impact of Repo-Rate on markets, economy. Rupee gained 14 paise to Rs 89.84 after RBI announcements

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