RBI cuts repo rate; loans to get cheaper?

Name: RBI cuts repo rate; loans to get cheaper?
Uploaded: Tue, 17 Apr 2012 21:37:16 +0530
Duration: T00H02M35S
Description: 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.

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.