Reserve Bank of India

29.09.2015

Banking

Repo rate cut by 50 basis points to 6.75 per cent

MANU/RMIC/0360/2015

The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no changes were made to the 4 per cent Credit Reserve Ratio or 21.5 per cent Statutory Lending Rate. The Bank also revised its growth target for the 2015-2016 Financial Year from 7.6 per cent to 7.4 per cent.

Relevant

Bank Rate adjusted MANU/RMIC/0361/2015

Tags : Rbi repo rate cut

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