Expect quicker transmission of rate cut by banks: RBI governor

After delivering three back-to-back rate cuts, the Reserve Bank on Monday said it expects a quicker transmission of the interest rate cuts by banks to consumers by way of cheaper home, auto and personal loans. During this year, the RBI reduced the key policy rate thrice with an aggregate reduction of 0.75 percentage point in the repo rate, the rate at which RBI lends to banks.

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