Reserve Bank of India Reduced Key Interest Rate from 6.25% to 6%
Mumbai | 2nd August 2017
The Monetary Policy Committee (MPC) for Reserve Bank of India reduced key interest rate by 25 bps from 6.25% to 6% with immediate effect.
” RBI reduced key interest rate from 6.25% to 6% “
The decision of the MPC is consistent with a neutral stance of monetary policy in consonance with the objective of achieving the medium-term target for consumer price index (CPI) inflation of 4 per cent within a band of +/- 2 per cent, while supporting growth.
Official Press Release by Reserve Bank of India
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