RBI MPC: Governor Sanjay Malhotra Announces 3rd Straight Rate Cut of 50 bps, Repo Now at 5.5%
- newsmediasm
- Jun 6
- 1 min read
By our Special Correspondent

The Reserve Bank of India (RBI) cut its benchmark interest (repo) rate by 50 basis points on Friday, June 6, marking the third straight rate cut by the central bank, following two previous ones in February and April. With this, the repo rate now stands at 5.5% from 6% earlier.
In addition, the Reserve Bank of India has also cut its Cash Reserve Ratio (CRR) by 100 basis points. The cut in CRR will release up to ₹2.5 lakh crore liquidity in the system and reduce the cost of funding for banks, RBI Governor Sanjay Malhotra said in his address.
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