
RBI cuts repo rate by 0.25 pc, first time in nearly five yrs
New Delhi, Feb 7 (UNI) Amid easing inflation pressure, the Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) on Friday decided to cut policy repo rate by 0.25% to 6.25% raising hopes of relief in loan EMIs. The RBI has cut the key interest rate in nearly five years. “After detailed assessment of the…