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RBI repo cut: Will banks reduce interest rates?

Banks may not cut interest rates anytime soon, despite a 25 basis point-reduction in the repo rate, the rate at which RBI lends to banks. Hence, there will be no immediate relief for your equated monthly installments (EMIs) be it for home or auto loans. Similarly, companies will have to wait for some more time to get cheaper loans.

first published: Mar 19, 2013 04:38 pm

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