- Tag results for Repo_rate
RBI retained the GDP growth for the financial year 2018-19 at 7.4 per cent.
Accordingly, the repo rate at which it lends to the system stands at 6.25 per cent and the reverse repo rate at which it absorbs excess liquidity is also retained at 5.75 per cent.
Talking about demonetisation, the report said that as on December-end, only 44 per cent of the banned currency has been replaced as against the earlier estimate of 53 per cent.
"Taking into account relatively low inflation that we are seeing, it could be possible that RBI could look at a 50 bps cut," said Mistry.