The interest rates have been cut by 25 basis points - AskBihar24X7 - Bihar & Jharkhand News

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Wednesday, August 02, 2017

The interest rates have been cut by 25 basis points

The Reserve Bank in Wednesday reviewed the monetary policy. The interest rates have been cut by 25 basis points, which has reduced the repo rate to 6 percent. RBI reduced the repo rate by 0.25 percent to the lowest level of seven years at 6.0 percent. Reducing the reverse repo rate by 0.25 percent, it has remained 5.75 percent. Now people who take home loan and other types of loans will get relief. Now Bari will be of the bank and it is expected that they will reduce interest rates

                                                     






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