Loans will become cheaper, RBI cuts interest rates by 0.50 basis points

The Reserve Bank of India (RBI) has reduced interest rates by 0.50% to 5.50%. This means that loans may become cheaper in the coming days. Your EMI will also come down. RBI Governor Sanjay Malhotra informed about the decisions of the Monetary Policy Committee meeting today, June 6 at 10 am. The meeting began on June 4. The repo rate has been reduced by a total of 1% this year

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