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Repo rate cut by 25 bps to 6 per cent

The Monetary Policy Committee (MPC), led by Reserve Bank of India Governor Urjit Patel, decided to cut the repo rate, or key lending rate, by 25 basis points to a seven-year low of 6 per cent on Wednesday. The repo rate slash shall make the loans cheaper for the consumers.

Updated : 02 August 2017, 04:11 PM