RBI Announces Monetary Policy, No Change In Interest Rates | ABP News

The Reserve Bank of India (RBI) is set to announce its monetary policy soon, sparking significant speculation about whether there will be a change in the repo rate. The repo rate, which is the rate at which the RBI lends to commercial banks, directly influences interest rates on loans and EMIs (Equated Monthly Installments). If the RBI decides to lower the repo rate, it could lead to reduced borrowing costs for banks, which may, in turn, lower EMIs for consumers. This potential rate cut is being closely watched by borrowers who are hoping for a reduction in their monthly payments. The announcement will provide clarity on the RBI’s stance on economic conditions and its approach to managing inflation and growth.