Interest rates on loans are set to fall further with Reserve Bank of India governor Shaktikanta Das announcing a reduction in repo rate by an unconventional 35 basis points (100bps = 1 percentage point) to spur economic activity that has slowed down in recent months, while inflation has remained under check.
Interest rates on loans are set to fall further with Reserve Bank of India governor Shaktikanta Das announcing a reduction in repo rate by an unconventional 35 basis points (100bps = 1 percentage point) to spur economic activity that has slowed down in recent months, while inflation has remained under check.