RBI Cuts Key Rate To 6% As Trump Tariffs Kick In, EMIs To Get Cheaper
The Reserve Bank of India has cut repo rate by 25 basis points, bringing it down to 6 per cent. This will reduce borrowing costs for banks and enable them to lend money to individual customers at lower rates, reducing EMIs for loans.
RBI Governor Sanjay Malhotra said today that the Monetary Policy Committee had voted unanimously to reduce the repo rate.
