Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

‘EMI will not increase’ RBI did not change the Repo Rate for the 11th consecutive time, know whether anything changed for you?

Jaipur : Reserve Bank Governor Shaktikanta Das said that in the monetary policy meeting held on 4, 5 and 6 December, the MPC has decided by a 4:2 vote not to make any change in the policy rates. Das said that it is the job of RBI to keep inflation under control. At the same time, it is important to pay attention to GDP growth also.

What is repo rate?

Repo rate is the rate at which the Reserve Bank of India (RBI) gives loans to banks. When RBI cuts the repo rate to increase cash flow in the market, it has a direct impact on the cost of borrowing. This means that borrowing can be cheaper, which is especially beneficial for people planning to take a home loan or other loans. With the repo rate falling, banks can reduce the interest rates on their repo-linked loans, which Your EMI reduces. Apart from this, due to banks getting loans at lower rates from RBI, they have more funds, due to which they can also decide to increase deposit rates.

Repo rate remains at 6.5%
After the meeting of the Monetary Policy Committee of the Reserve Bank of India held from 4 to 6 December, the Governor of the central bank RBI has given information about the decisions taken. The central bank has not made any change in the repo rate for the 11th consecutive time. The predictions that were being made earlier proved to be true. In the Bloomberg poll, 21 out of 25 economists believed that there would be no change in the repo rate. Let us tell you that the repo rate remains at 6.5% for the last 11 policies.

Hope for economic improvement – Das

Shaktikanta Das said that now there is hope of improvement in industrial activities. There is also hope of improvement in cement and metal after the end of monsoon.

Leave a Comment

होली 2025 पर चंद्र ग्रहण का साया! सिंह राशि के जातकों के लिए खतरे की घंटी? जानें पूरी भविष्यवाणी
Read more

Read Next