RBI reduced the Policy repo rate by 25 basis points to 5.25% today
The RBI cut the Policy repo rate by 25 basis points to 5.25% today. As a result, the standing deposit facility (SDF) rate will be set at 5 %. The marginal standing facility (MSF) rate and the Bank Rate will be adjusted to 5.5 %. The six-member committee voted for the rate cut. RBI reduce