Explore how the prime rate influences consumer loans like mortgages, versus the repo rate's role in managing the money supply ...
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points (bps)—from 6.50% to 6.25%—during its Monetary Policy Committee (MPC) meeting on February 7, 2025. This marks the first reduction in ...
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After the cut in repo rate, the interest rates on savings accounts will change, know how much return SBI, PNB and BOB are giving
After the cut in repo rate, the bank can also cut the interest rates on its savings account. Let us know how much annual ...
Feb 7 (Reuters) - The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow ...
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