Rapo Rate. Reserve Bank of India (RBI) has slashed the reverse repo rate by 25 basis points to 7.75%. This move signals the beginning of a low interest rate regime. It is highly encouraging for industry and economy and house loans are likely to be cheaper.
The move comes at a time when inflation is steadily coming down and is likely to be below 6 per cent by January 2016. Hence cries for a rate cut were growing loud.
The move comes at a time when inflation is steadily coming down and is likely to be below 6 per cent by January 2016. Hence cries for a rate cut were growing loud.
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