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RBI slashes repo rate by 25 bps; your home, vehicle loan EMIs may come down Bank, auto, realty stocks unchanged after RBI cuts repo rate by 25 bps NEW DELHI: RBI’s monetary policy committee (MPC), led by Governor Shaktikanta Das, on Thursday announced a 25 basis points cut in the short-term lending rate, also known as repo or repurchase rate, in its first bi-monthly rate review of financial year 2019-20.
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RBI cuts repo rate by 25 basis points to 5.75 pc RBI cuts interest rates for third time this year to boost growth Slashing benchmark lending rates for the third time this year, the Reserve Bank of India cut its repo rate by 0.25 per cent Thursday.OBC Bank Slashes 1-Year MLCR Rate To 8.7% Oriental Bank of Commerce (OBC) has raised fixed deposits rate on select maturities by up to 0.5 per cent. term deposit with maturity of 91-179 days would earn a 0.25 per cent higher interest rate.