Reserve Bank of India cut Repo Rate by 25 bps

Last Modified Friday, 4 October 2019 (12:52 IST)
Mumbai:In line with expectation, the (RBI) on Friday cut the by 25 basis points (bps) to 5.15 per cent.
Consequently, the reverse repo rate now stands at 4.9 per cent. This was fifth time in a row the slashed the repo rate.
 
Repo rate is the rate at which the central bank lends money to the commercial banks, in case of any shortfall in funds.(UNI)