The RBI's recent 0.25 percentage point cut in the repo rate is under close government scrutiny to ensure banks pass this benefit to consumers. The cen

In addition to the repo rate cut, the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) rates have also been reduced by 25 bps to 6% and 6.5%, respectively. The bank rate has also been adjusted to 6.5%.

Recently, the Reserve Bank of India (RBI) has reduced the repo rate by 25 basis points to 6.25 per cent from 6.50 per cent, marking the first cut since 2020 and bringing much-needed relief to borrowers.

The repo rate, set by the RBI, influences borrowing costs for banks. A higher repo rate raises FD interest rates, attracting deposits, while a lower rate reduces FD returns by making borrowing cheaper.

February 6, the RBI cut repo rate by 25 basis points to 6.25 percent, which may impact depositors with likely lower fixed deposit interest rates and reduced passive income

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.

EMIs on home and vehicle loans will come down, making it easier for individuals to repay their debts. A lower repo rate makes borrowing cheaper for individuals and businesses, which can lead to increased spending and investment.

The RBI’s repo rate significantly influences personal loan interest rates. A rise in the repo rate leads to higher loan costs for borrowers, while a cut may lower rates, making loans more affordable.

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.