What Does RBI’s 25 Basis Point Repo Cut Means ? First Time In 5 Years
Reserve Bank of Indiaโs (RBI) six-member Monetary Policy Committee (MPC) Friday cut the repo rate โ the rate at which the RBI lends to other banks โ by 25 basis points to 6.25 per cent. This is the first rate cut initiated by the RBI in five years, the last one being in May 2020. … Read more