00:00The Reserve Bank of India will likely keep its repo rate unchanged tomorrow at 6.5% and
00:26its reason mostly an uptick in inflation and slowing growth, according to a majority of
00:32economists in a good returns poll.
00:35In total, 20 economists expect a rate cut in February 2025 by 25 basis points.
00:42Repo rate is the interest rate on which the RBI gives loans to banks.
00:47When this rate decreases, the bank also makes the loan cheaper, which impacts your EMI.
00:54According to the good returns poll, if the repo rate remains unchanged, your home loans
00:59and FDs will more or less remain unchanged.
01:04But a rate cut in February, if that happens, that is good news for consumers, especially
01:10for those who are paying floating interest rates on their home loan.
01:14Your EMI can be cheaper.
01:17The RBI has kept its repo rate unchanged since February 2023, after hiking aggressively
01:24by 250 basis points between May 2022 and February 2023 due to intense inflationary pressures
01:34from the global economy due to unrest in Russia and Ukraine, because of which there was supply
01:42chain disruptions.
01:44Currently, geopolitical tensions have continued at a boiling point in Russia and Ukraine and
01:51in the Middle East too.
01:52The growth rate in the world's fifth largest country has slumped to a seven quarter low
01:59and inflation in October, it has reached a 14 month high.
02:06The top market will be completely on RBI policy tomorrow and investors want to know what Governor
02:12Shaktikant Das will announce.
02:16Keep watching Good Returns.
02:17Thank you very much.
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