RBI Cuts Repo Rate By 25 Basis Points
Mumbai: The Reserve Bank has reduced the repo rates by 25 basis points on Thursday, thus bringing it down from the earlier 6.50 percent to 6.25 percent. The reverse repo rate will remain as 6.25 percent. The new repo rate was decided in a maiden three-day long meeting led by the newly appointed RBI Governor Shaktikanta Das. The repo rate was previously changed in August, 2017.