India, Dec. 5 -- Bank of Baroda on Friday reduced its repo-linked lending rate by 25 basis points, shortly after the Reserve Bank of India lowered the key policy rate.
The Baroda Repo Based Lending Rate (BRLLR) will now stand at 7.90 per cent, down from the earlier 8.15 per cent, the bank said in a regulatory filing.
The revised rate will come into effect from December 6, and similar rate cuts from other lenders are expected to follow.
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