RBI's biggest decision regarding EMI, 40 basis point cut in Repo Rate
Efforts are being made to overcome the economic crisis caused by Corona. The Reserve Bank of India (RBI) on Friday announced a 40 basis
New Delhi: Efforts are being made to overcome the economic crisis caused by Corona. The Reserve Bank of India (RBI) on Friday announced a 40 basis point cut in the repo rate. The repo rate has now been reduced from 4.40 per cent to 4 per cent.
This can have an effect on EMI, your EMI may decrease. RBI Governor Shaktikant Das on Friday said industrial production in six major states has come to a standstill due to the corona crisis and Lockdown.
RBI Governor Shaktikanta Das said the corona has caused huge damage to the economy. A number of measures are being taken to get the economy back on track. Inflation is expected to remain under control. The monsoon is expected to remain normal.