Weakening domestic growth impulses prompted RBI for rate cut: Minutes of MPC meet

Four of the six MPC members had voted in favour of a 25 basis points reduction in the repo rate.

RBI lowers GDP growth forecast to 7.2 per cent for 2019-20

Higher financial flows to the commercial sector augur well for economic activity, says RBI.

A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say.

The MPC will meet from April 2 to 4 for the first bi-monthly policy statement for 2019-20, the central bank said in a release on Monday.

The resolution of the MPC will be placed on the website at 11.45 AM on April 4, 2019.

A back-to-back cut in interest rate would provide relief to borrowers in the election season.

The six-member MPC to decide on the first bi-monthly policy statement for 2019-20 will be held from April 2 to 4.

MPC to decide on the first bi-monthly monetary policy statement for 2019-20 will be held from April 2 to 4.

Trade bodies, including industry chambers, rating agencies and representatives of Bank Depositors' Assn have been called.

RBI has lowered its inflation target for April-September to 3.2-3.4 per cent from the 3.8-4.2 per cent seen in Dec.