Mumbai: The Reserve Bank of India, i.e. the RBI, may cut the repo rate again in the future. Reserve Bank of India Governor Shaktikanta Das has indicated this. Das said that in this phase of the economy, it cannot be said what is the minimum repo rate limit from where it cannot be reduced further. In the next meeting, the MPC will decide whether the repo rate should be reduced or not. But it is certain that RBI will continue to follow its thinking of cutting the repo rate to give a boost to the economy.
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The RBI had further cut the repo rate by 25 basis points last week. After that, the current repo rate has been reduced to 5.15%, which is the lowest level of repo rate since March 2010. Experts believe that in the last meeting of the MPC in December this year, there is scope for further reductions in the repo rate and it may come down to five percent.
RBI Deputy Governor NS Vishwanathan has said that the bank is not considering any financial help to the non-banking financial companies (NBFCs). According to him, the Reserve Bank is of the view that there is no liquidity or lack of cash in the market.
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