Reserve Bank of India Cuts Repo rates and the EMI and interest rates will fall


Reserve Bank cut the benchmark repo rate by 25 basis points today .

The reduction in repo rate – which is the rate at which Reserve Bank lends short-term funds to lenders – is likely to result in lower loan EMIs, bankers say. The government has been pitching for lower rates in a bid to boost demand in the economy.

Watch RBI Governors Press Meet