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