RBI announces bi-monthly monetary policy
February 8th, 2019
The Monetary Policy Committee headed by Reserve Bank of India Governor Shaktikanta Das, announced a reduction in policy repo rate. The repo rate will reduced from 6.5 per cent to 6.25 per cent with immediate effect. Consequently, the reverse repo rate stands adjusted to 6.0 per cent, and the marginal standing facility rate and the Bank Rate to 6.5 per cent.