RBI slashes repo rate by 25 bps, first cut in nearly five years; loan EMIs likely to come down

The central bank’s Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6.25 per cent, after having kept it unchanged for eleven straight meetings

RBI slashes repo rate by 25 bps, first cut in nearly five years; loan EMIs likely to come down
The central bank’s Monetary Policy Committee (MPC) reduced the repo rate by 25 basis points to 6.25 per cent, after having kept it unchanged for eleven straight meetings