RBI slashes repo rate by 50 basis points, third cut in a row to boost growth
The Monetary Policy Committee (MPC) has decided to reduce the repo rate, the rate at which the Reserve Bank of India (RBI) lends money to commercial banks, by 50 basis points to 5.5% with immediate effect
The Monetary Policy Committee (MPC) has decided to reduce the repo rate, the rate at which the Reserve Bank of India (RBI) lends money to commercial banks, by 50 basis points to 5.5% with immediate effect
