RBI monetary policy review: Repo rate slashed by 0.25% to 6%, lowest since 2010; loans may get cheaper

The cut in the repo rate by RBI will help in lowering interest rate for individual and corporate borrowers. It will thus make home, auto and corporate loans cheaper.

Written By Ajeet Kumar | Last Updated: Aug 03, 2017, 12:19 AM IST | Source:

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The cut in the repo rate by RBI will help in lowering interest rate for individual and corporate borrowers. It will thus make home, auto and corporate loans cheaper.

02 August 2017

16:28 IST

Rupee zoomed past the 64-mark against USD.

15:54 IST

Finance Ministry welcomes RBI rate cut saying it is important step for sustained growth, consistent with India's potential.

Secretary,DEA, Shri S.C. Garg: Govt welcomes 25 basis points cut in the repo rate announced today by the MPC in its 3rd Bi-Monthly Meeting.

— Ministry of Finance (@FinMinIndia) August 2, 2017

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RBI monetary policy review: Repo rate slashed by 0.25% to 6%, lowest since 2010; loans may get cheaper

The cut in the repo rate by RBI will help in lowering interest rate for individual and corporate borrowers. It will thus make home, auto and corporate loans cheaper.

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