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17 Feb 2019·
News Flash
Pulwama Terror Attack: Security Cover of Five Separatist Leaders Withdrawn * Odisha CM Lays Foundation Stone for State-of-the-Art Cancer Hospital & Research Centre in Bhubaneswar * Bhubaneswar Smart City Wins Geospatial Excellence Award for Its GIS Map Portal ‘Bhubaneswar One’ * Thousands of Congress, BJP Workers from Kalahandi Join BJD * Naveen's Oneness with Bereaved Goes Beyond Ex-Gratia * Odisha CM Enhances Ex-gratia to Rs 25 Lakh for Families of Martyred Odia Jawans * Pulwama Terror Attack: Odisha CM Pays Tribute to Two Odia Martyrs * Odisha CM Dedicates Slew of Development Projects to People of Kalahandi, Attends Mission Shakti Conclave * Pulwama Terror Strike: All Political Party Backs Govt. Stands with Security Forces * Odisha Schools Hold Silent Prayers for Pulwama Attack Martyrs * CM to Visit Kalahandi District Today * Mortal Remains of Two Martyred Odia Jawans to Reach Bhubaneswar Today * Donald Trump Declares Emergency to Build US-Mexico Border Wall * Naveen Urges Educational Institutions to Observe Silent Prayers for Pulwama Martyrs * Odisha Govt Announces Rs 10 Lakh Ex-gratia to Kin of Martyred Odia Jawans in Pulwama Terror Attack * CM Launches Slew of Development Projects in Kendrapara, Distributes KALIA Assistance to Landless Farmers * ECI Reviews Poll Preparedness in Odisha, Ensures Free and Fair Elections * Pulwama Terror Strike: J&K Guv Admits Intelligence Failure * Pulwama Terror Strike: Priyanka Gandhi Urges Centre to Prevent Recurrence of Terror Attacks * Naveen Flags Off 10th Baristha Nagarika Tirtha Yatra Train from Berhampur * Pulwama Terror Strike: Odisha CM Holds Silent Prayer for Martyr Troopers * Pulwama Terror Strike: India Withdraws 'Most Favoured Nation' Status to Pak * Pulwama Terror Strike: Two Odia Troopers Among Martyrs * Odisha Best State for Promotion of Sports * Brexit and Theresa May

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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