RBI Governor Sanjay Malhotra announced to reduce the interest rates from 6.50% to 6.25%

Newsdesk:

The monetary policy of the Reserve Bank has been announced. RBI Governor Sanjay Malhotra announced the results of the meeting and announced to reduce the interest rates from 6.50% to 6.25%. After the budget, this decision to cut the repo rate will directly affect the pocket of the common man because this will make their loans cheaper and the burden of EMI will be reduced. But if you have taken a home loan on fixed rate, then your EMI will not be reduced even after this decision. Let us tell you that RBI last changed the repo rate in May 2020, so after a long wait of 5 years, now people have got this relief news.