November 05, 2024 20:10 (IST)
RBI cuts lending rate by 0.25%, banks and corporates react positively
New Delhi, Feb 7 (IBNS): The Reserve Bank of India (RBI) on Thursday cut repo rate- the rate at which the central bank lends money to commercial banks- by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect, evoking some positive responses from the corporate sector.
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