RBI delivers another rate cut, shifts policy stance to 'accommodative'2 min read . Updated: 06 Jun 2019, 12:12 PM IST
- India is among central banks across Asia shifting to looser monetary policy
- Inflation has stayed close to the lower end of RBI’s 2-6% band for many months
The Reserve Bank of India (RBI) on Thursday cut key policy rates by 25 basis points, the third consecutive time it has done so. The repo rate -- the key interest rate at which the RBI lends to the banks -- will now be 5.75%. The central bank has also changed its stance to ‘accommodative’ from ‘neutral’.
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