The Reserve Bank of India (RBI) on October 4 cut the repo rate — its key lending rate — by 25 basis points to 5.15 percent, triggering hopes for cheaper loans during the festival season, but sharply lowered the economy's growth projections amid persistent slowdown in household spending.
The Reserve Bank of India (RBI) on October 4 cut the repo rate — its key lending rate — by 25 basis points to 5.15 percent, triggering hopes for cheaper loans during the festival season, but sharply lowered the economy's growth projections amid persistent slowdown in household spending.
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