If there is any home loan to you, then this news will make you happy. I am saying this because RBI has slashed the Repo rate by 0.25%. And this is going to be beneficial for common people.RBI Governor, Shaktikant das said repo rate has slash from 6.50% to 6.25%. Soon, banks are also gonna slash the interest rate for the home loan. And after a lower rate of interest, you will have to pay less EMI.
People were already expecting this to happen and it was said from the RBI if there will no crises of Mudra then sure repo rate will get lowered and now RBI has slashed repo rate by 0.25%.