RBI RATE CUT

ASSOCIATED PRESS

4 Ways In Which The RBI Rate Cut Will Impact Your Money

Announcing its fourth repo rate cut in 2015, the Reserve Bank of India (RBI) lowered the benchmark repo rate by 50 basis points to 6.75% on 29 September. RBI's latest move comes as a positive surprise as a majority of the banks were only expecting a cut of 25 basis points. Here's how the latest rate cut can impact your personal finances - it's mostly good news!