Reserve Bank cuts interest rate for first time in 5 years
The Monetary Policy Committee, headed by RBI Governor Sanjay Malhotra, slashed the repo rate by 25 basis points to 6.25 per cent
HOME, auto and other loans are likely to see a drop in interest rates after the Reserve Bank of India under a new Governor cut the key benchmark rate on Friday (7) for the first time in almost five years to spur a sluggish economy...
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