RBI cuts repo rate by 25 bps. RBI Decrease Repo Rate by .25% today 18 march 2013
No change in CRR rate announced by reserve bank of India. RBI had reduced the repo rate by 25 basis points to 7.75 per cent in January after holding it steady for nine months.
EMI will decrease very soon. Home loan equated monthly installments (EMIs) and interest rates on other consumer loans are set to fall with the Reserve Bank of India (RBI) cutting its key repo rate by 0.25 per cent to 7.5 per cent on Tuesday.