RBI cuts repo rate by 25 basis points to 6 percent

RBI/2017-2018/32 FMOD.MAOG. No 121/01.01.001/2017-18 All Scheduled Commercial Banks (excluding RRBs), Scheduled Urban Co-operative Banks and Standalone Primary Dealers Madam / Sir, Liquidity Adjustment Facility Repo and Reverse Repo Rates As announced in the Third Bi-monthly Monetary Policy Statement, 2017-18, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.25 per cent

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