RBI MPC meet: RBI governor Sanjay Malhotra says repo rate kept unchanged at 5.5%; what does it mean for your loan EMIs?
The RBI’s MPC has maintained the repo rate at 5.5% in its August review, offering no immediate EMI relief for borrowers, despite previous cuts. While a 1% repo rate reduction this year hasn’t fully translated to lower EMIs, expectations are for future reductions. This decision occurs amidst potential tariff hikes by the US due to…
