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Rabbul Hussain

Pursuing CMA. Talks...ย โ€ขย 4m

The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points to 6.25%, the first rate cut in nearly five years. What is the repo rate? Itโ€™s the rate at which the RBI lends money to commercial banks. A lower repo rate means cheaper loans for businesses and consumers, which can stimulate economic growth. Why did the RBI cut rates? The move aims to boost economic growth amid easing inflation. Lower rates can encourage spending and investment, which is good for the economy.

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