Expect series of repo rate cuts starting October: SBI Research
New Delhi [India], April 6 (ANI): As the Reserve Bank of India (RBI) maintained the status quo in repo rate for the seventh time this week, SBI Research now expects the rate cut cycle to begin from October 2024. The repo rate is the rate of interest at which RBI lends to other banks.
Along anticipated lines, RBI kept the policy repo rate unchanged at 6.50 per cent, the seventh time in a row.
The central bank also decided