RBI Policy Cut Repo Rate by 25 bps to 6.25%: A Big Relief to Borrowers
RBI announces the reduction in interest rate by 25 bps for nearly 5 years. It gives a big relief to home and auto loan borrowers. This is new first Monetary Policy by Governor Sanjay Malhotra, and he took charge at central bank before. The six member Monetary Policy Committee (MPC) meeting has been held on