Assuming the demand of the Ministry of Finance and Industry on Tuesday, the Reserve Bank of India cut its benchmark repo rate by 25 basis points while it has 7.25. The cut is the third time this year the central bank has been cut. Earlier, in January and March was a reduction of 25 basis points. Doing so has now ignited hopes that the EMI will be slightly lower.
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RBI repo rate cut of 25 basis points
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