In news that could bring some breather to the common man - the RBI has cut the repo rate by 25 basis points. This means the home loans and car loans are going to be cheaper. This comes amid the sensex to performing well and bordering on a all-time high and the robust GST figures. Consumer inflation too is in a comfortable zone for the consumers. Ahead of the elections, amid signs of economic improvement, the RBI has reduced the repo rate by 25 basis points.