RBI slashes repo rates by 25 basis points - Tv9 Gujarati

RBI (Reserve Bank of India) decided to cut the benchmark interest rate by 0.25 per cent to 7.75 per cent with a view to boost growth. Following reduction in the repo rate, the reverse repo rate has been adjusted to 6.75 per cent and the marginal standing facility (MSF) rate and Bank Rate to 8.75 per cent.

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