In line with market expectations, the Reserve Bank of India (RBI) on Thursday lowered repo rate by 25 basis points to 6 per cent and maintained the neutral stance of monetary policy, in its first bi-monthly rate review of financial year 2019-2020. Consequently, the reverse repo rate under the liquidity adjustment facility (LAF) stands adjusted to 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate to 6.25 per cent. Here’re the key takeaways from the RBI policy meet: Loan EMI likely to come down, GDP growth forecast lowered to 7.2%, Inflation target lowered to 2.4% in Q4, Economy facing headwinds amid global uncertainty and Tepid credit growth.

(Business Today)