The Reserve Bank of India kept interest rates on hold at 7.50% on Tuesday, waiting for more clarity on inflation after heavy rains raised uncertainty about food prices and seeking to grant banks more time to reflect its previous rate cuts. With the apex bank not tinkering with interest rates, the EMIs of loans are likely to remain the same.
The RBI has already cut rates twice this year, for a total of 50 basis points, in an aggressive bid to bolster economic growth. Both actions were taken between policy reviews.
RBI keeps interest rates unchanged, EMIs likely to remain the same - IBNLive
The RBI has already cut rates twice this year, for a total of 50 basis points, in an aggressive bid to bolster economic growth. Both actions were taken between policy reviews.
RBI keeps interest rates unchanged, EMIs likely to remain the same - IBNLive
