Loan EMIs likely to come down as RBI cuts repo rate by 25bps to 6.25%

Quick Summary:

This decision from the Monetary Policy Committee aims to stimulate economic growth and offers relief to borrowers with lower EMIs.

The Reserve Bank of India cut its key repo rate by 25 basis points to 6.25%, the first cut in nearly five years.

The move is in response to reduced economic growth and inflation management challenges.

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Article Details

Author / Journalist: TOI Business Experts

Category: EconomyBusiness

Markets: IndiaOmanUnited States

Topics: Monetary Policy Committee decision Reserve Bank of India Loan EMIs reduction RBI repo rate cut Business news Sanjay Malhotra

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 12:40:21 (3 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 882 words

Reading Time: 5 minutes read

Sentences: 48 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 25954839

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