August 6, 2025 3:01 PM
RBI MPC: home loan EMIs and interest rates unchanged as central bank holds repo rate at 5.50%
The Reserve Bank of India’s Monetary Policy Committee (RBI-MPC) on Wednesday decided to keep the repo rate unchanged at 5.50 per cent during its bi-monthly policy review. Keeping the repo rate steady means that Equated Monthly Instalments (EMIs) and the interest burden on home loans will remain unchanged. In its previous meeting, the MPC had cut the repo rate by 50 basis points, reducing it from 6 per cent to 5.50 per cent. The central bank has lowered the repo rate by 100 basis points betw...