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Friday, Feb 7, 2025

RBI MPC cuts repo rate. What does it mean for your home, car loan EMIs?

RBI governor Sanjay Malhotra announced a 25 basis points cut in the benchmark repo rate to 6.25%, the first reduction in five years. 
RBI MPC: A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.
RBI MPC: A police officer walks past the Reserve Bank of India (RBI) logo inside its headquarters in Mumbai, India.

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News business RBI MPC cuts repo rate. What does it mean for your home, car loan EMIs?