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Last rate cut for now but there're more bullets in RBI's chamber

Following this, the reverse repo rate, or the rate at which the banks perk extra liquidity with the RBI, was reduced to 3.35 per cent from 3.75 per cent - both at their historic lows.

Topics
Reserve Bank of India RBI | Indian banking sector | Indian Economy

Tamal Bandyopadhyay  |  New Delhi 



Tamal Bandyopadhyay

Yet again the Reserve Bank of India (RBI) went for an out-of-turn policy rate cut on Friday. Following an off-cycle meeting, earlier slated for June 3-5, of its six-member (MPC), the central bank cut its policy repo rate by 40 basis points from 4.4 per cent to 4 per cent.

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First Published: Sat, May 23 2020. 00:42 IST

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