RBI Governor Sanjay Malhotra announced MPC's decision to keep repo rate unchanged at 5.5%, breaking a streak of cuts ongoing since December 2024. Since retail loans' interest rates are linked to repo rate, home loans and other retail loans' EMIs won't change. A repo rate cut would've allowed borrowers to either cut their loan's tenure or reduce their EMI's size.
short by
Ashley Paul /
12:48 pm on
06 Aug