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Read More... RBI Keeps Repo Rate Unchanged at 5.25%, Offering EMI Relief to Borrowers
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Home loan and vehicle loan borrowers received a measure of relief on Friday after the Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 5.25 percent. The decision, announced after the latest meeting of the Monetary Policy Committee (MPC), means that lending rates are unlikely to rise immediately, helping millions of borrowers avoid an increase in their monthly loan repayments.
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