What is the new repo rate after the recent cut by RBI?
A) 6.00%
B) 6.25%
C) 6.50%
D) 6.75%
Answer : B
Description :
The Reserve Bank of India (RBI) cut the repo rate by 25 basis points (0.25%) to 6.25% on February 7. This reduction will make home, auto, and personal loans cheaper, providing relief in EMI payments. If inflation remains under control, further cuts may be possible, making borrowing even more affordable.
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