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News From Press RBI repo rate cut: Gilt mutual fund returns better than FDs, but experts suggesting this better option

RBI repo rate cut: Gilt mutual fund returns better than FDs, but experts suggesting this better option

Source: Financial Express Feb 9, 2019

For the first time in nearly 16 months, the RBI has cut the repo rate. The last time it happened was in August 2017. Today the repo rate, the rate at which banks borrow money from the RBI, stands at 6.25 per cent, which in August 2017 was set at 6 per cent.

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