Economy 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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.