By Admin 
Reserve Bank of India: Reserve Bank of India has announced a cut of 25 basis points. With this, the repo rate has now come down to 6 percent. This is the second time in the year 2025 when the RBI has cut the repo rate. Earlier, in the meeting of the central bank’s monitoring policy held in February, there was a decrease of 25 basis points or 0.25 percent. Due to this, the repo rate came down from 6.50 to 66.25 percent. Today, after the cut on April 9, it has come to 6 percent. & Nbsp;
What is the repo rate?
When we do not have money for any work, we take a loan from the bank. We pay interest in changing it. In the same way, the bank needs money to settle many important work and in such a situation, banks take loans from the Reserve Bank of India. On this loan, the rate on which the bank pays interest to the Reserve Bank is called repo rate. In simple language, the rate at which RBI gives loan to banks is called repo rate. & Nbsp;