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26 Apr 2019·
News Flash
Mukesh Ambani’s Support to Congress Candidate Milind Deora Indicates Neither Modi Nor BJP Retaining Power: Ex-CM Prithviraj Chavan * BCCI Announces Teams for Women’s T20 Challenge, Odia Girl Sushree Dibyadarshini Included in Mithali Raj’s Velocity Team * Nirav Modi's Bail Plea Rejected by London Court Again * Odisha Elections 2019: Two Polling Officials Suspended for Dereliction of Duty * Congress Demands Fresh Polling for Tripura West Lok Sabha Seat Alleging Large Scale Rigging by BJP * You Are Visiting Odisha Only for Votes: Naveen to Central Leaders * Tribunal Stays EC Suspension of Karnataka IAS Officer Who Checked PM Modi's Chopper in Sambalpur * Naveen Pays Tribute to Krushna Chandra Gajapati on Birth Anniversary * Why Modi Desperately Needed Akshay Kumar for Image Building? * WI Announces 15-Member World Cup Team, Chris Gayle to Play His 5th WC * Hockey India Names 60 Players For The Senior Women’s National Coaching Camp * Pools and Match Schedules for FIH Series Finals in Bhubaneswar and Hiroshima Confirmed * BJD Demands Action against BJP for Electoral Violence * Jay Panda Using Politics as Platform to Boost His Business: BJD * Who Helped BJP MLA Candidate Om Prakash Mishra to Flee from Odisha, Asks BJD * Look Out Circular Issued against BJP MLA Candidate Om Prakash Mishra * No Priyanka Gandhi, Cong Fields Ajay Rai Against Modi * Odisha Will Play Major Role in Formation of Next Government at Centre: Naveen * Odisha Elections 2019: Re-polling Underway at Nine Booths * World Malaria Day: Odisha CM Pledges to Eliminate Mosquito-Borne Disease Completely * Undercurrent in Favour of Naveen Will Help BJD Win Jajpur Again * Cancel Baijayant’s Candidature: BJD to Chief Electoral Officer * World's First Malaria Vaccine Launched in Africa * Odisha Registers 71.61% Voter Turnout in Third Phase Polls * Pradeep Maharathy’s Bail Hearing Of bail Deferred To April 27

Economy

Ahead of Poll RBI Cuts Repo Rate By 25 Basis Points to 6.25%

Ahead of Poll RBI Cuts Repo Rate By 25 Basis Points to 6.25%

Mumbai: In a major decision ahead of poll, the Reserve Bank of India (RBI) on Wednesday in its last bi-monthly Monetary Policy of 2018-19 slashed  the Repo Rate by 25 basis points from 6.50 per cent to 6.25 per cent.

The repo (or repurchase) rate is the rate of interest which the RBI charges to lend short-term loans to the commercial banks.
With today’s announcement of the RBI, the interest on the loan may fall.

In its last bi-monthly monetary policy, the bank had kept the repo rate unchanged at 6.5 percent and the reverse repo rate at 6.25 percent.

Notably, this was the first Monetary Policy of RBI under the new governor Shaktikanta Das.


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