RBI slashes key lending rate for 3rd consecutive time, brings it down to 5.5%
The Reserve Bank of India (RBI) on Friday reduced the key lending rate, or repo rate, by 50 basis points, bringing it down to 5.5% from 6%. The decision was announced after the central bank’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, concluded its three-day meeting that began on June 4. “After a detailed assessment of the evolving… Continue reading "RBI slashes key lending rate for 3rd consecutive time, brings it down to 5.5%"
