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....