RBI has reduced the Repo rate by 25 bps to 5.75 % for third time in a row. The RBI rate cut is expected to bring down EMIs on home and auto loans, and reduce the debt repayment burden on corporates. The reverse repo rate under the LAF stands adjusted to 5.50%, and the marginal standing facility (MSF) rate and the Bank Rate to 6%.
from taxmann.com News https://www.taxmann.com/topstories/222330000000018730/highlights-of-rbi’s-monetary-policy-statement-for-2019-2020.aspx
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