rbi monetary policy repo rate crr sanjay malhotra gdp inflation forecasts liquidity lcr

The Reserve Bank of India (RBI) monetary argumentation committee- headed by recently appinted Governor Sanjay Malhotra on expected lines announced its archetypal repo complaint chopped successful astir 5 years connected Friday to 6.25 per cent from the earlier 6.5 per cent. The repo rate, oregon repurchase rate, is the involvement complaint astatine which the Reserve Bank of India (RBI) lends funds to commercialized banks successful speech for securities.

80 per cent of the participants successful the Zee Business canvass expected the RBI to reduce key argumentation complaint by 25 ground points successful its past argumentation reappraisal of the fiscal twelvemonth 2024-25.

The home rate-setting sheet has kept the repo complaint unchanged for 11 consecutive meetings aft raising it by 250 bps betwixt May 2022 and February 2023. The past complaint chopped was successful May 2020, during the Covid-19 pandemic.