The repo rate cut means the loan interest must also fall if it's repo-linked. The repo rate is the interest rate at which the ...

Why is the slashing of the repo rate by RBI relevant to the UPSC exam? What is the significance of topics such as the ...

A lower repo rate usually leads banks to reduce interest rates on loans to customers—impacting everything from home loans to auto and personal loans.

The Reserve Bank of India (RBI) surprised everyone on Friday by announcing a sharper-than-expected cut in interest rates.