Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

RBI Keeps Repo Rate Unchanged, Home Loan EMIs Likely to Remain The Same – News18

Posted on December 8, 2023 By Admin No Comments on RBI Keeps Repo Rate Unchanged, Home Loan EMIs Likely to Remain The Same – News18


Last Updated: December 08, 2023, 10:08 IST

RBI MPC Meeting December 2023: Reserve Bank of India (RBI) on Friday, December 8, kept repo rate unchanged, maintaining status quo on the previous policy. RBI Governor Shaktikanta Das said that the monetary policy committee has decided to keep repo rate at 6.5 per cent unanimously.

With RBI maintaining status quo, home loan interests are likely to remain unchanged, bringing slight relief for those paying home loan EMIs.

With the repo rate remaining unchanged, the lending rate for banks remains unaffected. If the repo rate increases, banks have to pay more to borrow money from RBI. Hence, they further increase interest rates on loans.



Source link

Business Tags:EMI, Home Loans, Interest Rate, Loan, RBI, RBI Monetary Policy, RBI MPC, RBI MPC December 2023, Reserve Bank Of India

Post navigation

Previous Post: RBI MPC Keeps Repo Unchanged At 6.5% For Fifth Time; FY24 GDP Raised To 7%, Inflation Kept At 5.4% – News18
Next Post: 7 Ways Dry Fruits Can Help In Attaining Daily Nutrition

More Related Articles

Australians get ‘right to disconnect’ after working hours Business
Should You Buy, Sell Or Hold TCS Shares Post Upbeat Q4 Earnings? Here’s What Analysts Say – News18 Business
South Western, C2C, and Greater Anglia to be renationalised Business
3 Luxury Flats Worth 263 Crore: Param Capital’s Asha Mukul Agrawal Buys Apartments In Mumbai – News18 Business
Even With Gaza Under Siege, Some Are Imagining Its Reconstruction Business
SBP commits to enhancing financial inclusion | The Express Tribune Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Jeff Bezos and Lauren Sánchez’s wedding invite slammed over ‘ugly’ design
  • Paige Spiranac adds new chapter in ‘case study’ about her golf game
  • From NPS To UPS: Last Date To Opt For Unified Pension Scheme Extended By 3 Months Till September 30
  • Salman Khan reveals struggle with AVM and brain aneurysm on Kapil Sharma Show: Know what AVM is, its causes, and why it’s so serious | – Times of India
  • Patrick Schwarzenegger on his breakout

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme