The results of the Reserve Bank’s MPC meeting have been revealed, with Governor Sanjay Mahlotra stating that there has been no alteration in the Repo Rate this time, keeping it steady at 5.50%. This means that the interest rates remain unchanged, ensuring stability in the financial market. Despite expectations for a cut in the Repo Rate to stimulate economic growth, the RBI has decided to maintain the current rate. Borrowers may not see a decrease in their EMIs as a result of this decision, which might affect individuals hoping for relief on their loan repayments.
RBI Announcement: No Change in Repo Rate, EMI Will Not Decrease
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