News India Live, Digital Desk: reserve Bank of India (RBI) Will take an important decision in four days. This decision will affect all the people taking home loans and other loans. The RBI may change the repo rate on 6 June. Earlier, RBI had changed the repo rate twice. This affected the interest rates of various types of loans including home loans.
When does the repo rate change?
The Monetary Policy Committee of the Reserve Bank of India will meet from 4 to 6 June. This meeting is held every two months. In this meeting, RBI monitors inflation in the country. Accordingly, the monetary policy of the country is decided. Apart from this, the repo rate has also been changed. The benefit of lowering the repo rate is on the interest charged on EMI of the loan. The RBI had cut the repo rate twice in the last six months in the MPC meeting. Both times were cut by 0.25 percent. As a result, the repo rate decreased by 0.50 percent in six months. Current repo rate 6.
Will the repo rate be cut again?
The repo rate is expected to be reduced by 0.25 percent in the MPC meeting to be held on 6 June. Because the rate of inflation has come below 4 percent. The inflation rate is below the target set by the RBI. Therefore, expectations of third deduction in interest rates are being expressed. In addition, export duty has increased due to the tariff war launched by US President Donald Trump. This will have some impact on the Indian economy.
Overall, given the current situation, there is a possibility that the RBI will cut interest rates. This is necessary for the development of the country’s economy. Demand will increase in the domestic market after the cash flow in the market increases. Which is essential for the economy. A six -member committee headed by RBI Governor Sanjay Malhotra will take a decision in this regard.
