RBI keeps repo rate 6.5%,CRR, SLR unchanged by Money Maker Research

The Reserve Bank of India representative kept the benchmark repo rate unchanged at 6.5 percent, generally on the back of strong economic tailwinds. Other key policy rates like Cash Reserve Ratio and Statutory Liquidity Reserve too have been kept unchanged.

However, the national bank cautioned that expansion dangers were on the upside even as it held the swelling targets set out in the April policy.
On the positive side, the RBI said its strategy position keeps on staying “accommodative.”

The GDP development focus for the current financial has been held at 7.6 percent by the RBI.

Since the rate-cutting cycle started in January 2015, the key policy repo rate has been cut by 150 basis points to 6.50 percent. Be that as it may, on the lending side, just around 75 percent basis point cut has been gone on to customers by the banks.

****Repo rate chart****

RBI Policy news

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