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Not 25 bps or 50 bps… here is the backstory behind the 35 bps repo rate cut

Updated : August 07, 2019 07:59 PM IST

When asked about the unconventional rate cut at the press conference, the RBI governor explained that this wasn’t some spur-of-the-moment decision.
The pattern of the voting indicates that the two academic economists from JNU and Indian Statistical Institute are still unconvinced of the change from convention.
Not 25 bps or 50 bps… here is the backstory behind the 35 bps repo rate cut

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