Try GOLD - Free
Home, vehicle loans to become cheaper as RBI cuts repo rate
YUGMARG NEWSPAPER
|07-06-2025
The Reserve Bank of India (RBI) cut interest rates by more than expected 50 basis points on Friday, a third consecutive reduction, and unexpectedly reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitical and tariff headwinds.
The RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra and consisting of three external members, voted five to one to lower the benchmark repurchase or repo rate by 50 basis points to 5.5 per cent. It also cut the cash reserve ratio by 100 basis points to 3 per cent, adding Rs 2.5 lakh crore to already surplus liquidity in the banking system.
This story is from the 07-06-2025 edition of YUGMARG NEWSPAPER.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM YUGMARG NEWSPAPER
YUGMARG NEWSPAPER
PM hosts Women's World Cup Champions, urges players to inspire students
Prime Minister Narendra Modi hosted the triumphant Indian Women's Cricket Team at his residence on Lok Kalyan Marg on November 5, following their historic maiden World Cup victory.PM Modi congratulated the team for the victory and praised their remarkable comeback in the tournament after a string of three defeats and the trolling they had faced on social media.
1 min
November 07, 2025
YUGMARG NEWSPAPER
Nearly 65 percent polling in first phase of Bihar assembly elections
An estimated 65 percent of the nearly 3.75 crore electorate exercised their franchise on Thursday in Bihar amid tight security arrangements, in the first of the two-phased Bihar assembly elections on 121 seats, sealing the fate of 1,314 candidates, including Bihar Deputy Chief Ministers Samrat Chaudhary and Vijay Kumar Sinha besides 15 Ministers and CM face of the Grand Alliance Tejashwi Prasad Yadav.
1 min
November 07, 2025
YUGMARG NEWSPAPER
CM Saini invites Tesla to set up manufacturing unit in Haryana
Haryana Chief Minister Sh Nayab Singh Saini, while inviting the world-renowned electric vehicle manufacturer Tesla to establish a manufacturing plant in Haryana, stated that the state government is committed to providing full support to promote electric vehicles and attract industrial investment.
1 min
November 07, 2025
YUGMARG NEWSPAPER
ED attaches assets worth Rs 11.14 crore of cricketers Raina, Dhawan
The Enforcement Directorate (ED) has attached assets worth Rs 11.14 crore of former cricketers Suresh Raina and Shikhar Dhawan as part of a money-laundering probe linked to the operations of an alleged illegal betting site, official sources said on Thursday.
1 min
November 07, 2025
YUGMARG NEWSPAPER
Centre trying to capture Panjab university after BBMB: Cheema
A high-level delegation of the Aam Aadmi Party (AAP) Punjab, led by Finance Minister Harpal Singh Cheema, today met Punjab Governor Gulab Chand Kataria at Raj Bhavan to submit a memorandum against the Union Government's unilateral move to dissolve the democratically elected Senate and Syndicate of Panjab University.
1 min
November 07, 2025
YUGMARG NEWSPAPER
Bihar: 3.75 crore voters set to decide fate of 1314 candidates in first phase today
As a hush fell on 121 Assembly constituencies spread across 18 districts, which will go to polls in the first phase on Thursday, the Assembly election campaign's cacophony shifted towards the second phase in which 122 seats in 20 districts will go to polls on November 11.
2 mins
November 06, 2025
YUGMARG NEWSPAPER
Zohran Mamdani wins historic NYC Mayoral election
Zohran Mamdani, the 34-year-old Indian-origin democratic socialist, pulled off a stunning victory in the fiercely contested New York city mayoral elections, riding on an electrifying campaign to become the first South Asian, youngest and Muslim to helm the administration of the world's financial capital.
1 min
November 06, 2025
YUGMARG NEWSPAPER
Rahul Gandhi alleges massive voter fraud in Haryana
Claim ‘baseless, attempt to defame country: BJP
1 min
November 06, 2025
YUGMARG NEWSPAPER
CM Mann dedicates Shahpur Kandi dam project to people
On the sacred occasion of the Parkash Purab of the first Sikh Guru, Sri Guru Nanak Dev Ji, the Punjab Chief Minister Bhagwant Singh Mann today gifted the people of state a landmark project worth Rs 3394.49 crore by formally inaugurating the Shahpur Kandi Project, which will significantly boost the state’s electricity generation and irrigation facilities.
1 min
November 06, 2025
YUGMARG NEWSPAPER
Gulmarg turns into white wonderland after fresh spell of snow
The winter wonderland and resort town of Gulmarg, located in the Baramulla district of Jammu and Kashmir, has been transformed into a breathtaking white wonderland after a fresh spell of snowfall.
1 min
November 06, 2025
Listen
Translate
Change font size