COVID-19 impact: What RBI's emergency rate cut means for your loans, fixed deposit investors

The RBI, today, cut the repo rate and reserve repo rate by 75 basis points and 90 bps, respectively (100 basis points/bps = 1 per cent). The repo rate now stands at 4.4 per cent and reserve repo rate at 4 per cent.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2UAKuwS