RBI Cuts Repo Rate by 25 bps to 6.25%; Loan EMIs Set to Ease
GG News Bureau
New Delhi, 7th Feb. The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Friday announced a 25 basis points (bps) cut in the repo rate, reducing it from 6.5% to 6.25%. This marks the first rate cut since…