Reserve Bank of India (RBI) cut the repo rate by 25 basis points to 6 percent on Wednesday. Last time in November 2010, the repo rate was at 6 per cent level. Thus, in the last six and a half years this bank is the lowest level of rates. With this reduction in the repo rate, the loan given to housing, vehicles and companies is expected to be cheaper.
A social journalist, reporting on social and crime happening in the city of Patna along with the other places in the state of Bihar & Jharkhand.
Contact Me at my whatsapp - +91 (8521)(327574)
No comments:
Post a Comment