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BREAKING: Loan EMIs get cheaper as RBI cuts repo rate by 40 bps to 4 per cent

Loan EMIs are set to get cheaper as RBI cuts repo rate by 40 bps to 4 per cent. “The repo rate cut by 40 basis points from 4.4 % to 4%. Reverse repo rate stands reduced to 3.35%,” RBI Governor Shaktikanta Das said in a press conference on Friday. 

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