RBI slashes repo rate by 25 bps; your home, vehicle loan EMIs may come down

The RBI increased the repo rate by 25 bps to 6.25% in its june 6 monetary policy meet today, on the back of rising inflation and high oil prices. For the first time in almost four-and-a-half years, the Reserve Bank of India increased the repo rate by 25 bps to 6.25% in its June 6 monetary policy meet today, on the back of rising inflation and.

RBI slashes repo rate by 25 bps, cuts fy20 gdp growth estimate to 7.2% This was a back-to-back rate cut by the new governor-headed committee.

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Your loan rates, including home and car loan EMIs are going to come down with the RBI announcing a 25 basis points repo rate cut to 6.25 per cent.

RBI slashes repo rate by 25 bps; your home, vehicle loan EMIs may come down By DB POST Digital // June 6, 2019 Mumbai: The Reserve Bank of India has reduced the repo rate by 25 basis points (bps) to 6 percent from 6.25 percent earlier.

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The reduction in the cost of funds could also make lenders revise the personal loan and car loan rates. However, the extent of rate reduction may not be at par with the cent reduction in the repo rate. Personal loan rates now range from 11%-25% per annum, while the interest rate on a car loan can be anywhere between 8.75%-12% per annum.

EMIs Likely To Come Down As RBI Cuts Repo Rate By 25 bps. New Delhi: EMI's on home and car loans are likely to fall as the. That may not seem like much but the total reduction in your interest payable is close to Rs 80,000.. Nonetheless, the RBI's decision to slash the repo rate is likely to give a.

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In the RBI’s monetary policy review, the central bank governor raghuram rajan spelt out the mantra to make your home, car, and personal loan EMIs come down in the future! Yes, you heard it right! Even.

The Reserve Bank of India’s (RBI) Monetary Policy Committee has decided to cut the repo rate (short-term lending rate) by 25 basis points, due to receding inflation numbers. Reports expect the repo rate to go down to 6%, which would be lowest rate since 2010.