{"id":71755,"date":"2019-10-04T12:17:45","date_gmt":"2019-10-04T12:17:45","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=71755"},"modified":"2019-10-04T12:17:46","modified_gmt":"2019-10-04T12:17:46","slug":"reserve-bank-of-india-anounces-fifth-straight-cut-in-key-rates","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/reserve-bank-of-india-anounces-fifth-straight-cut-in-key-rates\/","title":{"rendered":"Reserve Bank of India anounces fifth straight cut in key rates"},"content":{"rendered":"\n<p>Reserve Bank of India anounces fifth straight cut in key rates; Repo rate cut by 25 basis points, to 5.15 per cent while Reverse Repo rate reduced to 4.90 per cent; Revises GDP target for financial year 2019-20 to 6.1 per cent.<\/p>\n\n\n\n<p>In another rate cut on Friday, the fifth in a row, Reserve Bank of India has cut repo rate by 25 basis points, from 5.40% to 5.15%. The Reverse repo rate has also adjusted to 4.90% and bank rate at 5.40 %, accordingly.  The GDP outlook for 2019-20 is revised to 6.1%, from 6.9% in previous Monetary Policy committee meet. For 2020-21, the GDP outlook has revised to 7.2%. The inflation is within the comfort zone and the need to boost the economy is pressing.<\/p>\n\n\n\n<p>RBI Governor Shaktikanta Das said that several measures announced by the government over the last two months are expected to revive sentiment and spur domestic demand, especially private consumption. <\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Reserve Bank of India anounces fifth straight cut in key rates; Repo rate cut by 25 basis points, to 5.15 per cent while Reverse Repo rate reduced to 4.90 per cent; Revises GDP target for financial year 2019-20 to 6.1 per cent. In another rate cut on Friday, the fifth in a row, Reserve Bank [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":71756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-71755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/71755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=71755"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/71755\/revisions"}],"predecessor-version":[{"id":71757,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/71755\/revisions\/71757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/71756"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=71755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=71755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=71755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}