RBI cuts repo rate, lowers loan EMIs for borrowers
after close1 source ↓written by the desknot a recommendation
- 5.25%
- through government bond
- ₹1 lakh cr
- via dollar-rupee swaps
- $5 billion
The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25%, marking the fourth cut this year. This decision will lower EMIs on home, auto, and education loans. Additionally, the RBI plans to inject ₹1 lakh cr through government bond purchases and $5 billion via dollar-rupee swaps to enhance liquidity and expedite rate transmission. 📉
Not investment advice. For informational purposes only.