rbi big decision gave relief to public reduced repo rate emi will be cheaper now

The Reserve Bank of India has cut the repo rate, giving relief to the general public. According to RBI, the repo rate has now reduced by 0.25 percent. After this, the general public will get relief from expensive EMI. This announcement has been made by Reserve Bank Governor Sanjay Malhotra.

RBI Governor Sanjay Malhotra said that the proposal of MPC affects the lives of all citizens of the country. It is relevant to business, economists and all sides. He said that inflation target setting has greatly benefited the Indian economy. He said, “The CPI has been in accordance with the target given under this structure, except for a few occasions when the upper consciousness ban was violated.”

RBI MPC has reduced the policy repo rate by 25 basis points to 6.25%. RBI Governor Sanjay Malhotra announced that the RBI estimates that the actual GDP growth for the next year is about 6.7%for the first quarter, 6.7%for the second quarter, 7%for the third quarter and 6.5%for the fourth quarter. Will be Following this decision of the Central Bank, the interest rates from homelone, carlon, education loan, corporate loan to personal loan may cut interest rates for banks.