BankingAfter close
RBI may cut repo rate, reducing home loan EMIs
after close1 source ↓written by the desknot a recommendation
- cut
- 25 basis points
- lowering
- 5.25%
- EMIs from approximately
- ₹8,992
- ₹8,850
- monthly
- ₹142
The Reserve Bank of India (RBI) is expected to announce a 25 basis points cut in the repo rate next month, potentially lowering it to 5.25%. This reduction could decrease home loan EMIs from approximately ₹8,992 to ₹8,850, saving borrowers around ₹142 monthly. Such savings could accumulate significantly over time, impacting consumer spending and sentiment.
Not investment advice. For informational purposes only.