RBI Cuts Repo Rate To 6-Year Low In Urjit Patel's First Policy | Read
PUBLISHED ON: October 4, 2016 | Duration: 1 min, 54 sec
The Reserve Bank of India in its monetary policy review today cut its key lending rate or repo rate by 25 basis points to nearly six-year low of 6.25 per cent, from 6.5 per cent. Banks are likely to pass on the RBI rate cut to customers.
