RBI MPC Meeting: Shaktikanta Das led committee cuts rate by 25 bps; stance changed from 'neutral' to 'accommodative'
Updated: June 6, 2019 12:05 PM IST
Changing its stance from 'neutral' to 'accommodative' the Reserve Bank of India cut Repo Rate for third straight time by 25 bps to 5.75 pct. To push the digital payment, the RBI has decided to waive Neft and RTGS charges.
