Home loan EMIs to fall as RBI cuts repo rate for fifth time this year
Many analysts see RBI going for further rate cuts to boost growth
RBI has cut repo rate cut by 135 basis points so far this year
The Reserve Bank of India today cut its benchmark lending rates by 25 basis points, taking its cumulative repo rate cuts to 135 basis points so far this year. This will be good news for home loan borrowers, especially those who home loans are tied to RBI's repo rates. With RBI still maintaining an accommodative stance, some analysts expect further rate cuts from the central bank, given broad-based demand weakness in the economy.