RBI REPO may expected to cut again, big relief for home loan

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 The Reserve Bank of India (RBI) is preparing to cut interest rates once again. This news will bring great relief to crores of people who have taken loans. This year RBI has already reduced the repo rate twice 25 basis points in February. 


And against 25 basis points in April. Due to this , the repo rate which was 6.5% at the begining of the year has now come down to 6% . 

If the central bank cuts it by 25 basis points once against in june , it will come down to 5.75% , which can reduce your EMI even further.

According to Economist and treasury heads of banks, a large number of experts believe that RBI may announce a cut of 0.25% i.e 25 basis points in the repo rate on june 6. This cut will directly affect the interest rates of your loan, which will reduce the burden of EMI.

Economists believe that inflation has remained below RBI' target of 4% for the last three consecutive months. This has allowed the central bank to reduce interest rates. Apart from this, the focus of central bank has now also increase on accelerating economic growth.


Location: Mumbai, Maharashtra, India

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