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RBI Cuts Repo Rate from 5.40% to 5.15% - (04 Oct 2019)

BANKING

Reserve Bank of India (RBI) has lowered its key lending rate or the repo rate by 0.25 per cent — from 5.40 per cent to 5.15 per cent in its fourth bi-monthly policy review. This is the fifth straight cut in its rates by the RBI in 2019 in a bid to reduce borrowing costs for home and auto loans.

Tags : RBI   REPO RATE  

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