RBI Repo Rate Cut: Will Loans Get Cheaper?

The six-part Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, cast a ballot to decrease the repo rate by 25 premise focuses (bps) to 6 per cent from 6.25 per cent prior. This is the second resulting rate cut and with this improvement, those looking for home advances, vehicle advances are probably going to get a less expensive arrangement soon while the EMIs on a portion of your current credits may descend.