RBI may again give the gift of cheap debt. It also could cut the repo rate by 0.25 per cent.
According to the Economist, RBI took this step after observing present budget initiatives and the current inflation rate. If that happens, your home loans, vehicle loans, business loans ranging from cheap to fall.
RBI’s monetary policy review this year’s sixth meeting getting started today, tomorrow will decide on the rates.
Repo rate and CRR by 6.25 percent to 4.0 percent now.