Home Circulars & Notifications RBI Monetary Policy Update: RBI Cuts Repo Rate by 35 bps, Bank...

RBI Monetary Policy Update: RBI Cuts Repo Rate by 35 bps, Bank Loan EMIs Likely to Come Down

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RBI Monetary Policy Update: RBI Cuts Repo Rate by 35 bps, Bank Loan EMIs Likely to Come Down
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The Reserve Bank of India (RBI) today cut repo rate for fourth time this year. The RBI’s monetary policy committee, led by Governor Shaktikanta Das, lowered repo rate by 35% basis points to 5.4%.

RBI said that four members of MPC, including Governor Das voted in favour of 35 basis points cut while two voted for a 25 basis points cut. The repo rate cut is expected to further bring down interest rates on home loans and auto loans.

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