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Forums >> Internode >> Indian bank cut interest rates down 0.40% to 4%.

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User: 58939 - 28 posts
Nina
Comfortable life


posted 02:39PM
Sat 23rd May 2020
The Reserve Bank of India has announced a reduction of repo rate by 0.40% to 4% and has reduced the reverse repo interest rate, which is the central bank's reference to borrowing from commercial banks by 0.40% to 3.35%.

The Reserve Bank of India has cut the interest rate for the second time this year.


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