Reserve Bank of India (RBI) cuts repo rate by 25 bps, leaves Cash Reserve Ratio (CRR) unchanged at 4%.
The Reserve Bank of India has cut repo rate by 25 basis points from 7.75 per cent to 7.5 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 6.5 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 8.5 per cent with immediate effect.
The Reserve Bank of India has left the Cash Reserve Ratio (CRR) unchanged at 4 per cent.
The central bank said high current account deficit and inflationary expectations limit possibility of further easing of rates.
Check the latest rates of Reserve Bank of India.