As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time. The RBI has kept interest rates unchanged since February 2023.
Experts say the timing of the rate cut is linked to the inflation rate reaching 4 per cent; however, the RBI might only be in a position to cut rates either in the August policy or even later; Will RBI MPC Start Cutting Interest Rates From August 2024?
India Business News: NEW DELHI: The Reserve Bank of India will likely keep interest rates unchanged Friday, with chances of an early cut fading after the government warned.
India's Early Rate-Cut Hopes Dim as Inflation Threat Lingers bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.