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RBI cuts repo rates by 25 basis points, interest goes down to five-year low

RBI cuts repo rates by 25 basis points, interest goes down to five-year low

Apr 05, 2016, at 06:04 pm

Mumbai, Apr 5 (IBNS) Reserve Bank Governor Raghuram Rajan on Tuesday cut the benchmark repo rate by 25 basis points sending interest rates to over five-year low of 6.50 per cent.