November 23, 2024 16:53 (IST)
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RBI cuts lending rate by 0.25%, banks and corporates react positively

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.