RBI Monetary Policy 2025: Loan Borrowers Get MASSIVE Relief For third Straight-Time; RBI Reduces Interest Rates By 50 Bps To 5.50%

New Delhi: Bringing large aid to house and auto mortgage debtors for the 3rd time in a row, the Reserve Bank of India (RBI) introduced aid in key rates of interest on Friday.

This is new RBI Governor Sanjay Malhotra’s 3rd Monetary Policy after he took fee on the central financial institution, succeeding Shaktikanta Das. The six-member Monetary Policy Committee (MPC) assembly that started on Wednesday, introduced the verdict to cut back the repo charges through 50 foundation issues to 5.50 %.

The Monetary Policy Committee has unanimously determined to slash the coverage fee through 50 foundation issues to 5.50 %, RBI Governor Sanjay Malhotra stated.

In the ultimate MPC assembly hung on April 7, 8, and 9, the RBI had already diminished the repo fee through 25 foundation issues, bringing it down from 6.25 % to 6 %. This used to be the second one consecutive fee lower through the RBI. Earlier in February, the central financial institution had additionally slashed the repo fee through 25 foundation issues, from 6.5 according to cent to 6.25 according to cent, appearing a transparent shift towards a extra accommodative coverage method.

With inflation easing and two back-to-back fee cuts already made, the RBI fee lower used to be a lot in tandem with marketplace expectancies.