Household Savings

Over the financial year 2019-20, the Reserve Bank of India (RBI) cut the Repo rate (the rate at which RBI lends money to commercial banks) by 1.85%, from 6.25% at the beginning of the year (April 1, 2019) to 4.4% by March 31, 2020. The reductions in the Repo rate not only resulted in reductions […]