For the best experience use inshorts app on your smartphone
Home, car loans to be cheaper as RBI cuts repo rate by 0.25%
short by Shruti Maria Mahendar / on 07 Feb 2019,Thursday
The Reserve Bank of India (RBI) on Thursday cut the repo rate by 25 basis points in its bi-monthly monetary policy review, making home and automobile loans cheaper. The cut in repo rate, which is the rate at which RBI lends money to banks, would translate into lower borrowing rate for lenders. The repo rate now stands at 6.25%.
short by Shruti Maria Mahendar / 05:36 pm on 07 Feb
For the best experience use inshorts app on your smartphone