The Reserve Bank of India’s monetary policy committee on 7th February 2019 reduced the policy interest rate by 25 basis points to 6.25%. The six-member monetary policy committee voted 4:2 in favour of the rate cut. This decision could lead to banks reducing lending rates for consumer and home loans.
Reserve Bank of India Governor Shaktikanta Das and Deputy Governor Viral Acharya differed on the issue of cutting Repo rate in the bi-monthly monetary policy statement for 2018-19.
Monetary Policy Statement/link/button/#5f27cd