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

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.