RBI Repo Rate: No change in Home Loan EMIs!

Photos: Pixabay/Pexels Photos: Pixabay/Pexels Written By: Rajeev Kumar Written By: Rajeev Kumar

[{"selector":"#anim-a242c2ed-601d-4ff9-aca7-e47aad4bdb13 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-e264708f-f371-4d9f-b428-48fc88c28c66","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c32f815d-8def-49c7-bdbd-7e07e93a5685","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The monetary policy committee (MPC) of RBI has left the repo rate unchanged at 6.5% for the 7th time in a row. The monetary policy committee (MPC) of RBI has left the repo rate unchanged at 6.5% for the 7th time in a row.

[{"selector":"#anim-683e90c2-19e2-4671-823f-1f244472c2d5 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-90b0f12f-8b00-43e2-97a5-884472492673","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c16ab6e9-8e8a-4721-b689-20e3dcb18727","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The RBI's decision today (April 5) was in line with market expectations with focus on controlling inflation. The RBI's decision today (April 5) was in line with market expectations with focus on controlling inflation.

[{"selector":"#anim-19a1c1da-a63a-4b8d-a5ff-458ad92394cc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a208b179-f263-4d39-a0e1-0a59f3913aa0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5a7ba2ba-4df1-4e83-bbe4-65a3f1a8da3d","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The RBI MPC has also left its stance unchanged as withdrawal from accomodation. The RBI MPC has also left its stance unchanged as withdrawal from accomodation.

[{"selector":"#anim-39d90c49-e1e0-4472-8efa-b1cafc5f5fe4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-0fd86a13-e01d-41fb-8e66-e5e0eadb23fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61b826fe-dfa5-4244-a945-88fcee9931fe","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] RBI's decision comes as a relief to existing home loan borrowers as no change in EMI means no change in their EMIs. RBI's decision comes as a relief to existing home loan borrowers as no change in EMI means no change in their EMIs.

[{"selector":"#anim-8fd753bb-a959-41f8-8cc8-3263088ed627 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-29608de7-1c97-4bc3-98e5-d54a9abd4fb0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0c3c492-a2ea-413b-ab43-80c809def22c","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The central bank is expected to cut repo rate in the second quarter of current financial year FY 2024-25. The central bank is expected to cut repo rate in the second quarter of current financial year FY 2024-25.

[{"selector":"#anim-5e99ef7a-b0fd-4301-a676-5c89c6541a4c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7400c8a6-2707-43f4-9567-ca86120fe285","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48cb1381-1643-47f9-b36b-1b3c500e803e","keyframes":{"transform":["translate3d(-114.71471%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Meanwhile, inflation has eased in the recent months. It was 5.09% in February and 5.1% in January. Meanwhile, inflation has eased in the recent months. It was 5.09% in February and 5.1% in January.

[{"selector":"#anim-b7cff3fa-85ee-47d9-a67d-6b30a5a3c558 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.499999772451451%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a4677338-e5ba-40c7-9b39-af7144d0d470","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c41f2f87-ed80-45b8-88b0-1f46c4a66af9","keyframes":{"transform":["translate3d(-114.41442%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Want to take control of your finances and learn the science behind managing your money? The 1% club can help. See Below Want to take control of your finances and learn the science behind managing your money? The 1% club can help. See Below Learn more