The Reserve Bank of India (RBI) on Wednesday reduced repo rate by 35 basis points (bps) to 5.40 per cent. This is the fourth straight rate cut from the RBI and it results in an overall decline of 110 bps or 1.1 percentage point in the key lending rate.
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Loan EMIs likely to fall as RBI goes for fourth straight rate cut
![Loan EMIs likely to fall as RBI goes for fourth straight rate cut]()
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