RBI’s decision to reduce the repo rate by 25 basis point from 6.5% to 6.25% and change of stance to ‘Neutral’ will… https://t.co/Ua4FJtjkdy — Piyush Goyal (@PiyushGoyal) 1549527208000A very balanced and pragmatic policy statement. Assessment of growth and inflation is quite realistic and underline… https://t.co/jrRzm5BTbQ — Subhash Chandra Garg (@SecretaryDEA) 1549526665000Poll With RBI lowering repo rate, do you expect banks to cut interest rates on home loans & consumer loans quickly? RBI has thus cut rate for the first time in 17 months. The last rate cut happened in August 2017.The MPC also changed the policy stance to ‘neutral’ from ‘calibrated tightening’. The economy is estimated to grow at 6.8 per cent during the second half of FY19.“A rate cut should support the rupee as FPIs’ equity investments stand at seven times that in debt.

Source: Economic Times February 07, 2019 06:16 UTC