For the best experience use Mini app app on your smartphone
How will RBI's August repo rate decision affect EMIs of loans?
short by Ashley Paul / on 06 Aug 2025,Wednesday
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
For the best experience use inshorts app on your smartphone