RBI in its annual policy reduced by 50 bps its repo rate-the rate at which it lends overnight funds to banks and also announced a slew of consumer-friendly measures such as zero balance savings accounts for all and abolition of pre-payment charges for home loans.The availability of cheaper funds is expected to spur individuals to spend more and business to increase investment.It was expectedly cheered by bankers and industrialists across the board.(Source: Times News Network, 18th