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Who will be benefited? The Repo Rate cut by RBI ?>

Who will be benefited? The Repo Rate cut by RBI

To mitigate the COVID 19 effect, the Reserve Bank of India (RBI) has finally taken a major step to cut down the repo rate by a whopping 75 basis point. Thus, bringing it down to its lowest ever mark of 4.4%. Before this the lowest mark was 4.7% which happened in April 2009 during the global financial crisis. Finance minister has also shown support by saying it will encourage growth and will bring in financial stability in these challenging times….

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