Shaktikanta Das, Shaktikanta, RBI Governor

Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours, says RBI Governor Shaktikanta Das

In line with expectations, the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has kept the Repo rate steady at 6.5 per cent for the ninth time in a row. The RBI also kept the gross domestic product (GDP) growth projection for FY2025 uncha

RBI MPC Meeting

RBI trims repo rate to 6%

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	The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has unanimously decided to reduce the repo rate by 25 basis points to 6 per cent, Governor Sanjay Malhotra announced on Wednesday. This marks the second rate cut this year. In February, the central bank had lowered the rate to 6.25 per cent from 6.5 per cent&mdash;its first cut in nearly five years. The next RBI MPC meeting is scheduled for June 4&ndash;6.</div>

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RBI MPC proposes process to speed up clearance of cheques in a few hours