RBI Surprises with Big Rate Cut; Will Banks Pass on the Benefit? | Read
Reserve Bank of India Governor Raghuram Rajan on Tuesday morning cut the benchmark repo rate by 50 basis points to a four-and-a-half-year low of 6.75 per cent in a surprise move. His remark that it was no Diwali gift may have got a few laughs but that's exactly what many home buyers are hoping for.
