Reserve Bank of India cuts interest rate by 0.25 per cent: Twitterati gives mixed reaction to repo rate being sliced by RBI

Reserve Bank Of India (RBI) Governor Raghuram Rajan lowered interest rates by 0.25 per cent, this being third time this year

Updated: June 2, 2015 3:19 PM IST

By Shikhar Jiwrajka

Reserve Bank of India cuts interest rate by 0.25 per cent: Twitterati gives mixed reaction to repo rate being sliced by RBI

Reserve Bank Of India (RBI) Governor Raghuram Rajan lowered interest rates by 0.25 per cent, this being third time this year. Reacting to the market and Narendra Modi-led government’s expectations of boosting growth by lowering borrowing cost. At one hand where the repo rate was reduced to 7.25 from 7.50 rate, on the other hand  Statutory Liquidity Ratio (SLR) and  cash reserve requirement were untouched at 21.5 per cent and 4 per cent respectively.

The Internet Society seemed happy with the Central Bank lowering the repo rates, as #RBIPolicy was the top trend on both Twitter and Facebook. After announcing the rate cut, RBI Governor Raghuram Rajan said, “With low domestic capacity utilisation, still mixed indicators of recovery, and subdued investment and credit growth, there is a case for a cut in the policy rate today”. There were 0.25 per cent rate cuts in January and March earlier this year.

We take a look at how the Social Media reacted to the decision of lowering repo rates by Reserve Bank of India (RBI) Governor Raghuram Rajan for the third time this year.

1. A reality check.

2. Much needed stimulus to the economy.

3.Banks likely to follow suit.

4. Cheaper EMIs?

5. Will monsoon have an effect?

6. What Raghuram Rajan said..

7. Benefits for banks and not businesses.

8. Something for all!

9. Succumbing to pressure?

10. Shobhaa De trolled.

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