RBI Cuts Repo Rate by 50 BPS: What It Means for Your Home Loan and FD Returns
Impact of RBI 50 BPS Repo Rate Cut on Home Loans and FDs Surpassing expectations, the RBI has reduced the repo rate to 5.50% following a cut of 50 basis points (BPS). This has followed after the MPC’s (Monetary Policy Committee’s) week long meeting. This has been the third consecutive occasion the RBI is reducing…