RBI Cuts Repo Rate For Fourth Time This Year, EMIs Set To Get Lower

The Reserve Bank of India's Monetary Policy Committee (MPC) headed by Governor Shaktikanta Das today delivered its fourth repo rate cut in a row and maintained its accomodative stance. The MPC cut the repo rate, which is the key interest rate at which it lends short-term funds to commercial banks, by 35 basis points or 0.35 percentage point to 5.40 per cent, the lowest in over nine years, to spur economic growth. After the repo rate cut by the Reserve Bank of India, equated monthly installments (EMI) for home and other loan borrowers are set to come down, say analysts.

NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and abroad. NDTV delivers reliable information across all platforms: TV, Internet and Mobile.

Subscribe for more videos: https://www.youtube.com/user/ndtv?sub...
Like us on Facebook:   / ndtv  
Follow us on Twitter:   / ndtv  
Download the NDTV Apps: http://www.ndtv.com/page/apps
Watch more videos: http://www.ndtv.com/video?yt