West Bengal Chief Minister Mamata Banerjee to accompany PM Modi on Bangladesh visit next week: Press Trust of India
RBI cuts repo rate; loans to get cheaper?
PUBLISHED ON: April 17, 2012 | Duration: 2 min, 35 sec
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.