News EMIs likely to come down as RBI cut repo rate by 25 basis points to 7.25%, CRR unchanged at 4%

[Deepu]

Sending out a strong signal to the banks to cut interest rates for consumers, the Reserve Bank of India (RBI) Tuesday brought down the Repo Rate by 25 basis points to 7.25%. The cut is the the third time in 2015, and meets market and government expectations of boosting growth by lowering borrowing cost.

But the apex bank kept the Cash Reserve Ratio unchanged at 4%. With the repo rate reduced, EMIs are likely to come down much to the relief of consumers.

EMIs likely to come down as RBI cut repo rate by 25 basis points to 7.25%, CRR unchanged at 4% - IBNLive

 

[IndianMascot]

Very good news dosto

Now pay lesser EMI on your loans.

 

[Technoglitch]

would this increase the loan period?

 

[IndianMascot]

Nope. Loan period will remain same and due to decrease in interest rate, EMI will come down.

 

[NinadG]

Why can't RBI cut interest rates instead of bringing down repo rates.....I think this will be be more effective.....

 

[Akash Modi]

Why can't RBI cut interest rates instead of bringing down repo rates.....I think this will be be more effective.....

☝

 

[DashMajor]

Why can't RBI cut interest rates instead of bringing down repo rates.....I think this will be be more effective.....

Raghuram Rajan cut the repo rate as of now is more then our demand already because of his Anti Govt. side we're beaten from all 4 side.