"RBI Policy" declared today (06 June @ 11.45am) @ALLIESFIN
Bullet points -
Repo rate Cut = 0.25%
Reverse Repo Rate cut = 0.25%
Prediction in Slow down in Inflation & Growth
Lowered charges on ATM usage
6:0 voting for rate cut this Stance is saying next policy also have rate cut
RTGS & NEFT (Net banking) is now free. All banks should transfer this benefit to customers.
Small Finance bank (NBFC) licenses will be given more
GDP prediction reduced from 7.2% to 7.0%
World most EM currency in Depreciate
US - China Trade war big Worry for World Economy..
By: via @AlliesFin Serve T.ME/ALLiESFiN
