INSUBCONTINENT EXCLUSIVE:
Repo rate is the key interest rate at which it lends short-term funds to commercial banks.The Reserve Bank of India (RBI)'s Monetary
Policy Committee (MPC) is expected to deliver a fourth consecutive rate cut of 25 basis points today, according to news agency Reuters
the repo rate by 75 basis points in three successive reviews
If the RBI delivers a further cut by 25 basis points today, the repo rate would come down to 5.50 per cent, and also make the central bank
the most dovish among major Asian central banks
The last time the RBI made so many back-to-back cuts was after the global financial crisis over a decade ago, when most major central banks
were desperate to revive economic growth.Almost 80 per cent of 66 economists surveyed by news agency Reuters expected the RBI to cut its
benchmark repo rate by 25 basis points
equivalent to 0.01 per cent.
