RBI’s Repo Rate Cut: An Incredible Opportunity for Loan Borrowers.
The New Reserve Bank of India (RBI) governor, Sanjay Malhotra, announced that the Monetary Policy Committee (MPC) decided to cut the repo rate by 25 basis points (bps) for the first time in last five years. The repo rate, which was benchmarked at 6.50% by MPC over eleven consecutive meetings, is now reduced to 6.25%. […]