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.
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