Published: February 07, 2019 16:12:37 | Updated: February 11, 2019 16:54:04
The Reserve Bank of India (RBI) has reduced the repo rate, or the interest rate at which it lends money to banks, by a marginal 25 basis points.
The new repo rate now stands at 6.25 per cent from the earlier 6.50 per cent, reports Xinhua.
The reduction of the central bank repo rate is expected to make loans cheaper in the coming days.
Argentina in talks with IMF to ease reserves targets
World Bank promises 'concessionality' in debt restructuring
Pakistan will unwillingly accept strict conditions of IMF deal: PM Sharif
Ukraine war’s impact on global trade not as bad as expected: WTO
Ukraine imposes 50-year sanctions on Russian financial sector
US nominates former MasterCard chief Banga to head World Bank
Sri Lankan officials asked to travel in economy class
Ukraine war expected to cost Germany $171 billion by year-end
China expects sharp rebound in tourism this year
Electricity bill increase pushes crisis weary Sri Lankans to the brink
© 2024 - All Rights with The Financial Express
