EMIs may fall further as RBI cuts repo rate by 25 bps; reverse repo rate at 4.90%

The Reserve Bank of India on Friday reduced repo rate by 25 basis points (bps) to 5.15 per cent. This is the fifth straight rate cut from the RBI and it results in an overall decline of 135 bps or 1.35 percentage point in the key lending rate. Reverse repo rate stood at 4.90 per cent.

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