Breaking: Home Loans will get cheaper now, RBI cuts Repo Rates
This news comes as a big relief for the common man. Now you can think of buying your dream home. RBI has cut Repo rates by 25 BPS. It is cut to around 6%. This has been the first cut since October 2016.
Reverse repo rate under LAF stands adjusted to 5.75 %, and the marginal standing facility (MSF) rate and Bank Rate to 6.25 %: RBI
Policy repo rate under liquidity adjustment facility (LAF) reduced by 25 basis points from 6.25 % to 6.0 % with immediate effect: RBI