India's central bank cuts key rates, loans may get cheaper | ummid.com

India's central bank cuts key rates, loans may get cheaper | ummid.com
The repurchase rate, or the interest on short-term borrowings by commercial banks, has been cut by 25 basis points to 7.75 percent. The reverse repurchase rate, or interest on short-term lending, also stands lowered by 25 basis points to 6.75 percent.