What Is Repo Rate

Repo Rate Slashed Down: How Much Will You Save? Explained

In a major relief for borrowers, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced a 25 basis point (bps) cut in the repo rate, reducing it from 6.5% to 6.25%. This is the first interest rate cut since May 2020, signaling a shift toward a more growth-oriented...