Bhubaneswar: RBI cuts Repo Rate by 25 BPS to 6.25% . RBI Governor Shaktikanta Das addresses media on Monetary Policy said Repo rate reduced by 25 basis points, now at 6.25 from 6.5%; GDP projection for 2019-20 is 7.4%. The Inflation rate is estimated at 3.2-3.4% in the first half of the year 2019-20 and 3.9% in the third quarter of 2019-20.
This is the first policy of new RBI Governor Shaktikanta Das, who also heads the MPC. The panel also decided to change the monetary policy stance from ‘calibrated tightening’ to ‘neutral’.