RBI cuts key rates, loan EMIs set to come down ...Middle East

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RBI cuts key rates, loan EMIs set to come down
Interest rates on loans are set to fall further as the RBI slashed its key policy rates for the second time in two months to counter the economic fallout of the coronavirus outbreak. RBI governor Shaktikanta Das unveiled a 40 basis points cut in the benchmark repurchase rate to 4%. Consequently, the reverse repo rate was also reduced to 3.35 from 3.75%.

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