For the fifth consecutive time this calendar year, the Reserve Bank of India (RBI) slashed the repo rate by 25 bps and the reverse repo by 25 bps. This cut is sweeter for new borrowers as banks are supposed to link all new floating rate loans to any of the four external benchmarks specified by the RBI from October 1. Tune in as ET Online's Shambhavi Mehrotra brings you personal finance takeaways from the central bank's October monetary policy.
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