Rbi Cuts Repo Charge Per Unit Of Measurement Yesteryear 25 Bps To 6.25 : Rbi Monetary Policy Review 2019 Highlights

In it’s Sixth bi-monthly monetary policy review 2018-19, the 6 fellow member Monetary Policy Committee (MPC) headed past times the Reserve Bank Governor Shakti Kanta Das today lowered the Repo Rate by 25 reason points to 6.25 per cent. This is for the outset fourth dimension since August 2017. Meanwhile, the Reverse repo charge per unit of measurement stands adjusted at 6%. Here are the major highlights of the Reserve Bank of India’s Sixth bi-monthly monetary policy tilt of 2018-19.

Highlights of RBI’s sixth bi-monthly monetary policy tilt of 2018-19

  • RBI cuts fundamental lending charge per unit of measurement (repo) past times 0.25 per cent to 6.25 per cent.
  • Reverse repo charge per unit of measurement cutting to 6 pc, depository financial establishment charge per unit of measurement to 6.5 per cent, CRR unchanged at iv per cent
  • Headline inflation estimates revised downwards to 2.8 per cent inwards March quarter, 3.2-3.4 per cent inwards outset one-half of side past times side financial in addition to 3.9 per cent inwards Q3 of FY’20
  • Projects gross domestic product increment to accelerate to 7.4 per cent side past times side fiscal, from 7.2 per cent inwards 2018-19
  • Pegs April-September increment inwards arrive at of 7.2-7.4 per cent, in addition to 7.5 per cent inwards Q3 of 2019-20
  • Oil toll outlook hazy, merchandise tensions to weigh on global increment prospects
  • Union budget proposals to boost need past times raising disposable incomes
  • To revise Definition of mass deposits every bit unmarried rupee deposits of Rs. two crore in addition to inwards a higher house from Rs. 1 crore currently
  • To resultant guidelines to harmonise major categories of NBFCs
  • Proposes to gear upwardly a business forcefulness on Offshore Rupee Markets to ensure Rupee value stability
  • Removes restrictions on Foreign Portfolio Investors investing inwards corporate debt market
  • To come upwardly out alongside give-and-take newspaper on Payment Gateway Service Providers in addition to Payment Aggregators
  • Hikes boundary of collateral-free agricultural loans to Rs. 1.6 lakh from Rs. 1 lakh, to tending modest in addition to marginal farmers
  • Constitutes Working Group to review agricultural credit
  • Monetary policy commission votes 4:2 inwards favour of charge per unit of measurement cut, unanimous on alter inwards stance
  • 2 MPC members Chetan Ghate in addition to Viral Acharya were for condition quo inwards rates
  • Next coming together of the Monetary Policy Committee (MPC) volition hold upwardly during sec to fourth Apr 2019.

Current RBI Policy Rates 2019

  • Repo Rate : 6.25%
  • Reverse Repo Rate : 6.00%
  • MSF (Marginal Standing Facility) : 6.50%
  • Bank Rate : 6.50%
  • CRR : 4%
  • SLR : 19.25%

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