RBI's decision to keep the repo rate unchanged at 5.5% means home loan EMIs and interest burden will stay unchanged, Moneycontrol reported. Notably, when the RBI cuts the repo rate, banks also follow in its footsteps, cutting home loan rates. However, the pause in repo rate means these borrowers are unlikely to see any immediate reduction in EMIs or tenure.
short by
Dharini Mudgal /
03:06 pm on
01 Oct