The Reserve Bank of India has kept the repo rate unchanged at 5.25%, bringing stability for home loan borrowers. EMIs are likely to remain steady, while past rate cuts continue to offer savings. Here’s how this impacts your loans, EMIs, and future borrowing plans.
After the stellar growth numbers on May 30, followed by an emphatic GST collection data, RBI last week delivered another positive surprise with a 50-bps rate cut. With a record dividend providing government room to spend on capex, and tax cuts helping urban demand, will RBI cuts provide further boost to the economy. More important, can India keep its tryst with destiny to become a developed country by 2047 or does it risk falling into a middle-income trap? Watch Ishaan Gera in conversation with Rajnish Gupta, Partner, Tax and Economic Policy Group, EY India and Paras Jasrai, associate director, India Ratings and Research.
RBI Repo Rate News Live: The outcome of the monetary policy committee's meeting is scheduled to be announced at 10 am today (June 6). The press briefing of governor Sanjay Malhotra can be watched online on the central bank's YouTube channel and on Moneycontrol.com.
Good news for borrowers! The RBI has cut the repo rate by 25 bps to 6.25%, making home, auto, and personal loans cheaper. Find out how much you’ll save on your EMI and who benefits the most. More rate cuts ahead? Watch now!
India’s central bank will likely cut benchmark interest rates in its policy meeting that’s underway, as easing inflation offers it room to stimulate a faltering economy, though the rupee hovers at record lows. What are the expectations from new Governor Sanjay Malhotra? Catch this chat between Nandita Khemka and Latha Venkatesh to know more.
Decoding Monetary Policy Statement by RBI Governor Shaktikanta Das, RBI Governor. Catch Nandita Khemka in conversation with Rajani Sinha, Chief Economist, CareEdge Ratings and Mayuresh Joshi, Head of Equity Research, William O’Neil India.
Business Roundup: The RBI has maintained the repo rate at 6.5%, keeping home loan EMIs steady. The stock market bounced back after the June 4 dip, reaching a total market cap of Rs 421.47 lakh crore. The Adani Group called for open-source airport systems, while mutual fund investors faced surprises. Real estate experts have predicted sustained growth and demand. Watch the video to know more!
The Reserve Bank of India (RBI) is widely expected to keep the repo rate steady at 6.5% for the sixth consecutive time during its February monetary policy committee (MPC) meeting on February 8, according to analyst consensus. Although markets have already factored in this expectation, experts suggest that any hints of a rate cut in near future from Governor Shaktikanta Das could ignite a fresh rally. The RBI has kept the repo rate unchanged since February 2023 as inflation largely remained in-line within the 2-6% target range. It remains to be seen what the RBI MPC decides to do following the interim Budget. To know more about it watch his address.
Post Monetary Policy Press Conference by RBI Governor Shaktikanta Das
Home loan repayment is something that most of us have to deal with. And with rising rates of MCLR, it becomes very crucial for a borrower to decide if switching to a repo-linked loan is optimum or not. Well, there are a few things that should be considered before making a decision. In this video, we have talked about all these subjects. Watch the video to find out.