Reserve Bank Cuts Interest Rate for first Time in 5 years

HOME, auto and other loans are likely to see a drop in interest rates after the Reserve Bank of India under a new Governor cut the key benchmark rate on Friday (7) for the first time in almost five years to spur a sluggish economy. The Monetary Policy Committee, headed by RBI Governor Sanjay Malhotra,… <a class="more-link" href="https://www.indiaweekly.biz/reserve-bank-cuts-interest-rate-for-first-time-in-5-years/">Continue reading <span class="screen-reader-text">Reserve Bank cuts interest rate for first time in 5 years</span></a>