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Repo rate reduced by 75 basis points, know the effect on your EMIs
The Reserve Bank of India (RBI) on Friday massively reduced the key lending rates in response to the COVID-19 outbreak.
Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.
Accordingly, the Monetary Policy Committee of the central bank in an unscheduled meet reduced the repo rate by 75 basis points to 4.40 per cent from 5.15 per cent.
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