Home RBI cuts rates by 35 bps, a bigger-than-expected cut (USD/INR stays below 71.00)

RBI cuts rates by 35 bps, a bigger-than-expected cut (USD/INR stays below 71.00)

Published date: 7 Aug. 2019 | 08:27

The Reserve Bank of India (RBI) cut its benchmark interest rate, Repo rate, by an unconventional 35 basis points on Wednesday, its fourth cut in 2019.

Key Details:

The repo rate was cut to 5.40%.

The reverse repo rate was reduced to 5.15%.

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