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RBI cuts key rate by 25 Basis Points to 6%, Loans get cheaper

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Citing moderation in inflation and weakening industrial activity, the Reserve Bank of India has cut its benchmark interest rate by 25 basis points to 6 per cent. The decision has been taken after two days of deliberations by the Monetary Policy Committee. Now, EMIs for home, auto and personal loans are likely to be lowered. Also, Prices of food and beverages will be decreased. RBI said it is working in close coordination with the government, to resolve large stressed corporate borrowings and recapitalise public sector banks. NYOOOZ TV Videos - Dedicated to bringing you the latest and best in politics, sports, current affairs and entertainment world. From traditional sports like cricket to best Bollywood entertainment news, NYOOOZ TV is a must watch for news updates.Download our Apps on :Google Play Store : https://play.google.com/store/apps/de... Apple Istore https://itunes.apple.com/us/app/newzs... Our Website http://www.nyoooz.com

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Reserve Bank of India has cut its benchmark interest rate by 25 basis points Reserve Bank of India has cut its benchmark interest rate RBI cuts key rate by 25 Basis Points to 6% Loans get cheaper
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