Sign In

Browse By

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.

Profile photo of CA Shafaly Girdharwal CA Shafaly Girdharwal


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.

Discuss Now
Opinions & information presented by ConsultEase Members are their own.