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Source: Live Mint As the Reserve Bank of India’s (RBI) monetary policy committee (MPC) cut repo rate by 25 basis points on Friday, it is seen as the start of interest rate cut cycle. Typically, a cut in repo rate is followed by a similar decline in interest levied on loans as well as interest rates offered on…
Source: Live Mint Early this year, the Reserve Bank of India (RBI) is expected to cut down benchmark interest rates (or repo rate). This is also known as repurchase rate i.e., the rate at which the RBI lends money to commercial banks in exchange for government securities. The current repo rate is 6.5 percent. The…
Source: Live Mint Union Finance Minister Nirmala Sitharaman recently hinted at the need to cut interest rates for the sake of growth. In a covert hint, which can be construed as a nudge, she hoped for the lending rates to be more affordable. At an SBI event held in Mumbai on Monday, Ms Sitharaman said…
Source: Business Standard Reserve Bank of India (RBI) is expected to cut interest rates by a modest 50 bps over the next six months. (Photo: Shutterstock) 3 min read Last Updated : Sep 27 2024 | 8:49 AM IST The Reserve Bank of India (RBI) is expected to cut interest rates by a modest…
