RBI Keeps Repo Rate Unchanged at 6.50% in Latest Policy
The Reserve Bank of India keeps policy interest rates steady, signalling cautious optimism towards inflation control.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided to keep the policy repo rate unchanged at 6.50%. RBI Governor Shaktikanta Das announced that the decision was taken to align inflation with the medium-term targets while maintaining economic growth momentum. Home loan and auto loan EMI rates are expected to remain stable for retail borrowers in the next quarter.
Key Takeaway for Citizens
EMI rates on floating-rate home loans will remain stable. No immediate increase in loan costs.
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