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No 6th rate cut in Repo: RBI Monetary policy review

No 6th rate cut in Repo

RBI monetary policy released. There is no rate cut this time. Although in the same year there are 5 rate cuts. But in this policy, the sequence is paused.

At present Repo is 5.15 percent whereas Reverse Repo is 4.90%. Banks may pause cut in FD rates. In spite of 5 rate cuts during the year the lending rate is not decreased by banks. Bank loans are still dearer. But it will have a positive impact on FD holders. They will be able to get a better interest rate.

Indian economy is suffering from the low growth rate. Indian currency is also getting down day by day.

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Profile photo of CA Shafaly Girdharwal CA Shafaly Girdharwal

CA

New Delhi, India

CA Shaifaly Girdharwal is a GST consultant, Author, Trainer and a famous You tuber. She has taken many seminars on various topics of GST. She is Partner at Ashu Dalmia & Associates and heading the Indirect Tax department. She has authored a book on GST published by Taxmann.

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