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RBI cuts repo rate by 25 bps

| @indiablooms | Jun 06, 2019, at 12:10 pm

Mumbai, Jun 6 (IBNS): For the third time in a row, the Reserve Bank of India (RBI) reduced the repo rate by 25 basis points on Thursday, media reports said.

The repo rate now stands at 5.75%.

Repo is the rate at which the Central Bank lends to the commercial lenders.

The RBI said all its six members have agreed to the 25 bps cut in the repo rate.

#RBI #RepoRate

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