Assuming the rate kicks in from April 1 after 12 EMIs of this loan have been paid, then one can get per-lakh interest savings of Rs 3002 from the rest of the year.

The RBI cut the repo rate by 25 basis points to 6.25%, marking its first reduction in five years. The monetary stance remains neutral, with a focus on inflation and growth. Sectors like banking, auto,

The Standing Deposit Facility (SDF) rate remains unchanged at 6.5 percent, as do the Marginal Standing Facility (MSF) and bank rates, indicating a cautious yet accommodative monetary policy stance, sa

The Reserve Bank of India (RBI) reduced its key repo rate on Friday for the first time since May 2020, aiming to provide stimulus to the sluggish economy, which is projected to grow at its slowest pace in four years during the current fiscal year.

India’s new central bank governor cut interest rates for the first time in almost five years on Friday to help spur a slowing economy as global risks intensify.

RBI's MPC cuts repo rate by 25 basis points, providing relief on interest rates. Experts anticipate further cuts, citing inflation easing and economic growth support.

On Friday, the Reserve Bank of India’s (RBI) six-member Monetary Policy Committee (MPC) reduced the repo rate, the rate at which the RBI lends to commercial banks by 25 basis points, bringing it down to 6.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday. Experts anticipate that the central ba