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RBI cuts repo rate by 25 bps for 3rd time

Center is eyeing RBI reserves to fund ‘electoral lollipops’. Krishnan

Continuing to deliver good news for borrowers, the Reserve Bank of India (RBI) has announced another repo rate cut by 25 basis points (bps). This is the third time in a row that the central bank has cut key rates this calendar year. Borrowers can hope for more rate cuts in the future as monetary …