As per a Reuters poll, more than 70% of respondents expect that RBI would change the repo rates by 25 basis points to 6.25%.
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The Monetary Policy Committee (MPC) of the Reserve Bank of India on Friday announced a 25 basis points cut in the repo rate, bringing it down to 6.25% from the earlier 6.5%.
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EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes ...
The Reserve Bank of India has cut the key interest rate by 25 basis points to 6.25%, marking the first rate cut in nearly ...
The central bank set the real GDP growth forecast at 6.7% for the fiscal year of 2026 while the inflation rate lower at 4.2%.
The repo rate cut is expected to lower interest rates on loans, particularly benefiting homebuyers and other borrowers.
The RBI's MPC, in a unanimous decision, lowered the repo rate in a bid to stimulate economic activity by making borrowing cheaper, thereby encouraging spending and investment.
Banks will pass on the rate cut benefit to those existing borrowers who took loans under the repo rate-linked floating interest rate system.