RBI cuts repo rate by 35 basis points in bid to revive declining growth

The Reserve Bank of India (RBI) cut the repo rate for the fourth time this year by 35 basis points or 0.35 percentage point to 5.40 percent.  This is the lowest in nine years, in attempts to spur economic growth. The cut on the repo rate is likely to make equated monthly installments (EMI) for […]