RBI Rate Cut Likely: What It Means for EMIs, Borrowers, and the Indian Economy
The RBI is expected to cut policy rates by 25–50 basis points, potentially lowering EMIs for home, auto, and personal loans. Explore the implications for borrowers and the broader economy. RBI Rate Cut Likely: What It Means for EMIs, Borrowers, and the Indian Economy RBI Likely to Cut Policy Rates: Relief for Borrowers, Boost for Growth In a development that may provide considerable support to numerous borrowers in India, the Reserve Bank of India (RBI) is expected to declare a reduction in key policy interest rates. This predicted action arises from decreasing inflation and a requirement to boost economic growth, particularly given the global uncertainties and challenges in domestic consumption. Analysts across the financial sector are anticipating a 25 basis point (bps) reduction in the repo rate—the rate at which the RBI lends money to commercial banks. Some experts even predict a deeper cut of 50 bps , potentially paving the way for lower Equated Monthly Installments (EMIs) on...