The next day all major Newspapers carried an important headline and that is about "rbi cuts key interest rate.’" Reserve Bank of India (RBI) has cut Repo Rate by 25 Basis points (0.25%) on 15 th Jan, 2015. RBI Governor unexpectedly and surprisingly has cut interest rates for the first time in nearly 2 years.
RBI has cut its key policy rate and a cut in the repo rate would act as an impetus to the lenders to reduce the lending rates further. After keeping its key policy rate unchanged at 6.25% for a.
In a move that may lead to lower home, auto and other loan EMIs, the rbi thursday cut interest rates for the third time this year by 25 basis points to their lowest level in nine years and signalled more easing as it looked to support an economy growing at the slowest pace since the BJP first came to power in 2014.
Repo rate lowest since 2010 after RBI’s third cut this year. this quickly to lower rates was in 2013 to revive the moribund economy from growth rates that had slipped to a decade low. The move will.
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RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan emis. pti. Thursday, 6 June 2019 The reduction in interest rate will help boost credit growth, helping arrest the slowdown in the economy. Mumbai:.
DEL56 BIZ-RUPEE-CLOSE Rupee ends almost flat at 69.28 against dollar after RBI cuts rate Mumbai: The Indian rupee recouped most of its early losses and closed marginally lower at 69.28 to the US.
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MUMBAI, June 6: In a move that may lead to lower home, auto and other loan EMIs, the RBI Thursday cut interest rates for the third time this year by 25 basis points to their lowest level in nine years and signalled more easing as it looked to support an economy growing at the slowest pace since the BJP first came to power in 2014.
The Reserve Bank of India (RBI) cut the repo rate to 5.75 per cent and reverse repo rate to 5.50 per cent and expected banks to transmit these to home, auto and other loan borrowers faster.