RBI Monetary Policy Highlights: Loan EMIs likely to come down after rate cut
This is the fourth straight time that the RBI has cut interest rates
The benchmark rate is now at its lowest since April 2010
NEW DELHI : For the fourth straight time in a row, the Reserve Bank of India (RBI) today cut its benchmark repo rate, this time by a more than expected margin of 35 basis points. The announcement was made after the third bi-monthly policy review by the Monetary Policy Committee (MPC), led by RBI Governor Shaktikanta Das, for 2019-20. The benchmark rate is now at the lowest since April 2010.