EMIs set to fall as RBI trims repo rate for 1st time in 5 years – The Times of India
Mumbai: Reserve Bank of India on Friday cut the repo rate by 25 basis points, ending the longest pause in the history of the monetary policy framework, a move which is expected to make loans cheaper. Announcing the decision, Sanjay Malhotra, who took over as the 26th governor of the central bank in Dec, said…