RBI’s MPC MEETING: Loans to get cheaper as RBI announces cut in repo rate by 25 bps
STC NEWS MONITORING DESKDECEMBER 05 (STC): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) in its meeting today surprisingly announced to cut the repo rate by 25 basis points to 5.25%, maintaining a neutral stance. Governor Sanjay Malhotra announced a 25-basis-point rate cut, highlighting record-low inflation.The rate cut will make the…

