Economic growth India

Loans to Get Cheaper, EMI to Reduce: RBI Cuts Interest Rate by 0.25% to 6.25% After Nearly Two Years

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RBI Cuts Repo Rate

The Reserve Bank of India (RBI) has cut the repo rate from 6.5% to 6.25%, bringing relief to borrowers as loan interest rates will decrease and EMIs will become more affordable. This decision was announced by RBI Governor Sanjay Malhotra following the Monetary Policy Committee (MPC) meeting at 10 AM today. This marks the first … Read more

RBI Keeps Repo Rate Unchanged at 6.50% for the Ninth Consecutive Time

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RBI Keeps Repo Rate Unchanged

Mumbai, August 8 (Udaipur Kiran): The Reserve Bank of India (RBI) has once again prioritized controlling inflation over growth, keeping the key policy rate, the repo rate, unchanged at 6.50% for the ninth consecutive time. Loans will not become more expensive, and EMIs will not increase. The RBI last raised the repo rate by 0.25% … Read more

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