Will home and car loans become cheaper? RBI to decide in two days

RBI MPC Meeting: The RBI's Monetary Policy Committee (MPC) meeting is currently underway, and the decision regarding the repo rate remains the key question. Find out whether home and car loan EMIs will become cheaper and what factors everyone will be watching closely this time.

RBI MPC Meeting: If you are planning to buy a new home or car this month, it is important to keep an eye on the Reserve Bank's Monetary Policy Committee meeting taking place this week. A decision regarding the repo rate will be made during this two-day meeting, which could directly impact your EMIs and bank loan interest rates. However, most economists believe that the RBI will not make any changes to the repo rate this time and is likely to maintain the current rate.

What is the repo rate?