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RBI cuts repo rate by 25 basis points

Friday, October 4, 2019, 12:00 PM

The Reserve Bank of India (RBI) today cut its benchmark interest rates (repo rate) for the fifth time this year to boost economic growth. The RBI today cut repo rate by 25 basis points to 5.15%, which takes its cumulative cuts so far this year to 135 bps. The RBI also cut its GDP growth estimates to 6.1%, from earlier estimate of 6.9%.
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RBI set to cut rates again as fiscal measures fail to cheer

Thursday, October 3, 2019, 10:58 AM

The RBI is expected to cut benchmark interest rates for the fifth-time this year on Friday as recent fiscal measures to boost ailing growth seem largely inadequate and benign inflation offers room for more easing. The RBI is predicted to lower its key lending rate or the repo rate by 25bps to 5.15%, which would take cumulative cuts so far this year to 135bps.
 
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Union Bank, Bank of Maharashtra introduce repo rate linked loans

Tuesday, October 1, 2019, 11:58 AM

Union Bank of India and Bank of Maharashtra on Tuesday introduced repo rate linked floating rate loans for the retail and micro & small enterprise (MSME) segments. Union Bank, in a statement, said it has fixed the External Benchmark Lending Rate (EBLR), which is linked to the repo rate, at 8.25 percent as on October 1, 2019.

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