RBI cuts the repo rate for the third time in a row, the lowest interest rate in three years - RBI Repo Rate News

RBI cuts the repo rate for the third time in a row, the lowest interest rate in three years - RBI Repo Rate News RBI governor Sanjay Malhotra has cut the repo rate. For the third time in a row, the deduction of repo rates will provide relief to the lenders . The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has announced the credit rating after a three -day meeting. Sanjay Malhotra, Chairman of the RBI Governor and Monetary Policy Committee, announced that the RBI Repo Rate had cut the repo rate. Therefore, the loan rate and the monthly installment of the loan are likely to decrease. Therefore, the repo rate will be 5.5 percent. This repo rate is the lowest in the last three years. Loans attached to the repo door reduces the rate of repo rate even after deduction. RBI's Governor Sanjay Malhotra said, "The Indian economy offers strength, stability and opportunity in difficult times while facing the central banks in difficult times. Despite the uncertainty of the ...