RBI cuts repo rate to 6.25% percent, lowest in 5 years
RBI cuts repo rate by 0.25 percent after 5 years. The Reserve Bank of India has reduced the repo rate. This reduction in the repo rate has been made by 25 basis points. The repo rate has been reduced from 6 decimal 50 to 6 decimal 25 percent. This reduction in the repo rate has been made after 5 years. Earlier, the Reserve Bank of India had reduced the repo rate in 2020. But after that, it was gradually increased to 6 decimal 5 percent.
The repo rate was last increased in February 2023. After the reduction in the repo rate, the EMI of the loan will decrease. The global economy is facing challenges, said the Governor of Arabia. Inflation is also increasing globally. The Federal Reserve Bank has reduced the repo rate several times. The entire world economy is being affected. The Indian rupee is now under pressure. There are many big challenges before the Reserve Bank.
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