RBI cuts the repo rate for the third time in a row, the lowest interest rate in three years - RBI Repo Rate News

RBI governor Sanjay Malhotra has cut the repo rate. For the third time in a row, the deduction of repo rates will provide relief to the lenders.

The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has announced the credit rating after a three -day meeting. Sanjay Malhotra, Chairman of the RBI Governor and Monetary Policy Committee, announced that the RBI Repo Rate had cut the repo rate. Therefore, the loan rate and the monthly installment of the loan are likely to decrease. Therefore, the repo rate will be 5.5 percent. This repo rate is the lowest in the last three years. Loans attached to the repo door reduces the rate of repo rate even after deduction.

RBI's Governor Sanjay Malhotra said, "The Indian economy offers strength, stability and opportunity in difficult times while facing the central banks in difficult times. Despite the uncertainty of the  economy, the Indian economy is doing good development. Will be. Inflation has dropped greatly over the last six months. "

Important points at RBI Governor's press conference

The agricultural sector is strong.

There is a demand in the market.

The service sector is expected to remain unchanged.

Food inflation is minor.

Inflation is likely to be low.

The global background is fragile and extremely

 unstable.

The Indian economy is giving huge opportunities for investors.

In the morning session, the stock market investors took a precautionary role before the stock market declined. On the last day of the week, the Mumbai stock market index fell. The index fell 123 points to reach 81,318.51 when the Mumbai stock market opened. At the same time, the Nifty index fell 0.07 percent to 24,732.70. The Reserve Bank of India (RBI) today will announce the repo rate and reverse repo rate as the stock market investors were paying attention to the RBI credit.