RBI Lowers Key Lending Rate To 5.15% - 5th Straight Cut - To Boost Growth | Read
The Reserve Bank of India's six-member Monetary Policy Committee headed by Governor Shaktikanta Das lowered the repo rate by 25 basis points to 5.15 per cent while maintaining its accommodative stance. The repo rate is the rate at which the central bank lends short term funds to the banks.
