The Reserve bank of India has reduced the key policy rate or the repo rate by 25 bps to 6.25 per cent in the fourth bimonthly policy review announced on Tuesday.
This is the first rate decision made by the Monetary Policy Committee (MPC) of the bank, which is headed by RBI Governor Urjit Patel and comprises six
Policy Rates
| Policy Repo Rate | : 6.25% |
| Reverse Repo Rate | : 5.75% |
| Marginal Standing Facility Rate | : 6.75% |
| Bank Rate | : 6.75% |
Reserve Ratios
| CRR | : 4% |
| SLR | : 20.75% |
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