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The rupee had ended 15 paise lower at 65.88 on sustained demand for the American currency from banks and importers amid a big fall in domestic equities.
Singapore-based DBS bank expects the RBI to lower the repo rate by 25 basis points
RBI lowers GDP forecast for FY16 to 7.4%
With 50 basis points rate cut by RBI, it is most likely that banks will cut their FD rates further lower. 
Axis Bank has revised its base rate from 9.85 per cent to 9.50 per cent per annum with effect from October 5
XPay offers foreign exchange services through a mobile app
The 50 basis points rate cut by RBI will reduce your home loan EMIs and make income funds more attractive
RBI cuts repo rate by 0.5 per cent to 4-year low of 6.75%
The much awaited news about RBI's rate cut has triggered mixed reactions from industry experts.
With the repo rate reduction, all loans linked to the base rate would be cheaper by at least 0.35 per cent.