Mumbai, April 9 -- The Reserve Bank of India (RBI) will ensure swift transmission of repo rate cut benefits, says governor Sanjay Malhotra in a post-policy press conference.

The central bank governor said that the RBI will ensure surplus liquidity in the system; however, he refused to give a number to it.

The RBI Governor highlighted that any decrease in the interest rate takes at least six to nine months in transmission after the policy announcements, and the central bank will be watchful of it.

"Transmission, you are aware, it takes a little while. It will not happen immediately. We have seen it in the past, that transmission; when we increased it by the repo rate by 250 basis points, it took six to nine months at least for the inter...