EXCLUSIVE: 'Repo rate cut to have immediate impact on borrowers'

Bengaluru: The RBI's latest move to trim repo rate comes at a time when the economic growth has hit a six-year low of 5 per cent. In an exclusive interview with ETV Bharat D Muralidhar, Chairman of M Visvesvaraya Economic Research Center has talked about the impact it will have on the borrowers. The RBI's monetary policy committee in its fourth policy review of the current fiscal reduced the repo rate for commercial banks by 25 basis points to 5.15 per cent from 5.40 per cent.