Anushka Rathod Instagram – First the government and now RBI has given good news!
The RBI MPC has cut the Repo Rate for the first time in 5 years from 6.5% to 6.25% in a bid to stimulate economic activity.
This came in the backdrop of a slowing economy, which is estimated to grow at 6.4% in FY2024-25, the slowest in four years.
The RBI estimates GDP growth in next fiscal year at about 6.7%.
The CPI inflation for 2025-26 is projected at 4.2% which is under the RBI’s tolerance band.
What does this mean for you? Lower EMIs, cheaper loans, but also a drop in FD rates
[Anushka Rathod, Reserve Bank, Interest Rates, Fixed deposits, Low EMI]
#anushkarathod #reservebank #interestrates #Fixed Deposits #lowemi | Posted on 07/Feb/2025 18:48:35
