Repo rate reduced to 0.25 % bytoday RBI

• Today RBI governor Urjit Patel released the Repo rates for 2017 .
• Last year Repo rates are not reduced by RBI .

• The inflation rates are reduced at a 1.54 % in June , July 2017 well low from a expected rate of 3% .

• So RBI made an Repo rate reduced to 0.25% from 6.25% . Now the new Repo rates  revised as 6% to the FY2017.
• Now most of them expected the rate cut of home loans from the banks