RBI Cuts Repo Rate to 5.25%; Home, Car and Personal Loans Set to Get Cheaper
The Reserve Bank of India (RBI) today reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. Governor Sanjay Malhotra announced the decision after the conclusion of the Monetary Policy Committee (MPC) meeting, signalling a continued push to support economic growth despite pressure from the weakening rupee. The rate cut […]