RBI cuts repo rate; loans to get cheaper?

PUBLISHED ON: April 17, 2012 | Duration: 2 min, 35 sec

   
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The Reserve Bank of India cut repo rates by 0.50 per cent to 8.0 per cent. Repo rate is the rate at which banks borrow money from RBI. This is a reference rate used by banks to lend to their customers like companies and individuals.
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