The RBI’s mention of the “risk of overtightening” amid a fluid global backdrop strengthens our view that domestic policy reversal will be a function of global dynamics.
Market participants largely expect the RBI to keep the repo rate unchanged while taking a cautious approach to food inflation. The market is also keen to know about the RBI plan of action to withdraw excess liquidity from the system
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This development came during the Reserve Bank of India s Monetary Policy Committee (MPC) announcement that the repo rate would be kept unchanged at 6.50 per cent for the fifth consecutive time.
Home loans borrowers have been paying a significantly higher EMIs than what they paying 2 years ago due to RBI repo rate hike of 2.5%. As the global inflation cools down the sign of a reversal of interest rate cycle are getting stronger. So when will home loan borrower see their EMIs falling? We tell you how you should make the best of the any rate cut in future.