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How The Latest RBI Repo Rate Cut Affects Your Loans?
The Reserve Bank of India (RBI) recently announced a 25 basis points (0.25%) cut in the repo rate, bringing it down from 6.50% to 6.25%. If you have an ongoing loan—be it a home loan, personal loan, or car loan—you might be wondering what this means for you. Let’s break it down in a simple and fact-based way to help you understand the impact on your finances and how you can make the most of it....