RBI cuts Repo Rate: Will your Home Loan EMIs Reduce?
For the first time in 5 years, the Reserve Bank of India (RBI) announced a cut in the repo rate by 25 basis points (bps) bringing it to 6.25% on February 7, 2025. This decision was passed under the RBI’s governor Sanjay Malhotra. This comes as a relief for borrowers, but what does it really […]