RBI Cuts Repo Rate to 5.25%: What It Means for Borrowers, Savers, and the Indian Economy
In a landmark decision aimed at stimulating economic growth and boosting consumer spending, the Reserve Bank of India recently announced that RBI cuts repo rate to 5.25%, lowering it by 25 basis points. This move, declared by the Monetary Policy Committee (MPC) of the central bank, is expected to have far-reaching implications for both borrowers…