Kolkata : The RBI's decision to cut repo rate by 25 basis points drew a positive response from market participants, with the move set to support growth, improve liquidity conditions and help ease pressure on yields.Announcing the fifth bi-monthly monetary policy for the current fiscal, RBI Governor Sanjay Malhotra said the Monetary Policy Committee (MPC) has unanimously decided to cut the short-term lending rate or repo rate by 25 basis points to 5.25 per cent with a neutral stance.

Siddhartha Sanyal, Chief Economist & Head Research, Bandhan Bank, said the highlight of today's policy is the emphatic liquidity support, especially durable liquidity, by the RBI."The central bank has delivered decisively on this front, announcing OMO purchases of Rs 1 trillion and 3-year USD/Rs buy-sell swap

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