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RBI Repo Rate: House and car loans can get more relief in EMI this year. The reason for this is the global uncertainty arising due to the increased tariff from America. In such a situation, the repo rate is likely to be reduced by the RBI. Economists believe that more initiatives can be taken by RBI to reduce the repo rate due to lack of economic speed on the domestic front and inflation.
That is, the increase in the trade war of America and China may increase the possibility of slow pace on the Indian economy. In such a situation, the central bank can adopt an aggressive attitude by giving further relaxation in its policy. & Nbsp;
Recently in a note, Nomura Economists Sonal Verma and Aroddeep Nandi said, "To maintain growth, there may be a need for policy changes to control the rising oil prices and inflation. In such a situation, the repo rate can go from 5.00% to 5.50%."
RBI has already made a cut in the repo rate this month and has reduced it to 6 percent after a cut of 25 basis points in the repo. However, RBI has estimated a decrease in both GPD and inflation. GPD is estimated to remain 6.5 percent, while the inflation rate is estimated to remain 4 percent.
But, experts believe that there is more scope left in it. & nbsp; Nomura believes that about 100 points can be given this year. That is, during every quarter, steps can be taken for relief during June, August, October and December in the policy meeting. RBI Governor Sanjay Malhotra has admitted that it will be very difficult to reduce business tension at economic pace. But many economists believe that relief can be increased as expected.
Most economists believe that this year the repo rate of 50 basis points may be further cut. That is, good news will be good for the consumer- low interest rate, cheap loan and slight decrease in monthly EMI. & Nbsp;
Also read: Who was Bajaj Auto’s Madhur Bajaj, who breathed his last breath at the age of 63
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