Home Business RBI cuts repo rate by 0.25%, EMI’s to be decreased soon

RBI cuts repo rate by 0.25%, EMI’s to be decreased soon

By
Dhrumit Thakkar
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440
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(G.N.S) Dt. 4 Mumbai First bi-monthly monetary policy meet of this financial year (FY19-20), the Reserve Bank of India (RBI) on Thursday decided to cut repo rate by 25 basis points (bps) or 0.25 per cent to 6 per cent. The RBI has maintained the policy stance at “neutral”. The

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