RBI Cuts Rates By 35 Bps
  • WebDesk BTVI
  • Aug 07 2019

The RBI has cuts repo rate by 35 Bps to 5.40% and adjusted the reverse repo rate to 5.15%. The MPC has maintained an accommodative stand on policy. Jayesh Mehta, MD & Country Treasurer - Global Markets Group, Bank of America; Madan Sabnavis, Chief Economist, CARE Ratings and Saugata Bhattacharya, Senior VP & Economist, Axis Bank give their take on RBI MPC’s announcement.