RBI cuts repo rate by 0.25 pc, loans may cost less
January 29, 2013 11:08
India's long wait for rate cuts ended today with the Reserve Bank of India announcing a 0.25 per cent cut in its key repo rate -- the rate at which it lends to commercial banks - at its monetary policy review, to support an economy set for its slowest growth in a decade, according to NDTV.
The RBI had last cut its repo rate on April 17, 2012, by 50 basis points.
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The RBI had last cut its repo rate on April 17, 2012, by 50 basis points.
Read the full report here