Whereas, if the RBI raises the repo rate, the banks may increase the interest rate on personal loans, which will make EMIs expensive. However, please note that only a personal variable interest ...

Since then, the repo rate steadily increased until December 2022. Since then there were seven consecutive hikes bringing it to 6.5% until Feb. 2023. The RBI’s 25 bps cut marks a shift from the ...

RBI MPC Meeting ... As of right now, the repo rate was 6.5%. The action was taken just one week after the Center lowered personal income taxes in an effort to increase spending.

The latest decision brings the repo rate from 6.50 per cent to 6.25 per cent. Sanjay Malhotra, the newly appointed RBI ...

Mumbai: Given the global uncertainty due to US tariff hike concerns ... the six-member Monetary Policy Committee (MPC) of the RBI cut the repo rate by 25 basis points to 6.25 per cent.

This is the first time after 2020 that the RBI has cut its interest rates. The central bank had gone for repo rate hikes following the Covid-19 pandemic but kept it unchanged at 6.5% in its last ...

Image Source : PIXABAY Home, auto and other loans are likely to see a drop in interest rates. FD Rates after RBI repo ... When the repo rate is high, borrowing costs for banks increase, which ...

Having commenced the easing cycle by cutting the benchmark repo rate by 25 basis ... accounted for in the RBI’s inflation forecasts, and the downplaying of any increase in core inflation also ...

(Screenshot/ Youtube) The RBI’s six-member Monetary Policy Committee (MPC) unanimously decided to reduce the key lending rate while maintaining a “neutral” stance to retain flexibility in responding ...

The Reserve Bank of India (RBI) announced a 25 basis point cut in the repo rate, bringing it down to ... would stimulate economic growth and increase home loan affordability.