Repo Rate Cut | RBI Cuts Repo Rate By 50 Basis Points: What It Means For Loan EMIs

The Reserve Bank of India (RBI) has slashed its key lending rate, or the repo rate, by 50 basis points to 5.5% as inflation softens within its comfort level. The decision was unanimously taken at the bi-monthly Monetary Policy Committee (MPC) meeting. which was held on June 4-6 and was headed by RBI Governor Sanjay Malhotra.

This comes as a relief for borrowers who may expect lower EMIs for long-term loans and may be especially beneficial for homebuyers.

#RBI #RBIRepoRate #EMIs #ReserveBankOfIndia #Loans

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