The Reserve Bank of India’s monetary policy committee today cut the repo rate for the first time in five years; the rate have been reduced by 25 bps to 6.25 per cent with immediate effect.
So the standing deposit facility rate has been adjusted to 6 per cent and the marginal standing facility rate and the bank rate to 6.5 per cent.
Real GDP growth for FY26 is projected at 6.7 per cent.
So the standing deposit facility rate has been adjusted to 6 per cent and the marginal standing facility rate and the bank rate to 6.5 per cent.
Real GDP growth for FY26 is projected at 6.7 per cent.
