RBI may cut Repo Rate in Dec; home loan EMIs could drop soon
The Reserve Bank of India may cut the repo rate in its December policy review, offering potential relief for home loan borrowers. RBI Governor Sanjay Malhotra hinted at easing rates as inflation cools and growth remains strong. Markets reacted mildly, with bond yields dipping. Experts expect a 25 bps cut, which could lower home loan EMIs.