How 25 bps RBI rate would reduce monthly home loan EMI, tenure? EXPLAINED | Mint
Source: Live Mint India’s central bank, the Reserve Bank of India (RBI), concluded the monetary policy committee on Friday, February 8, and announced a 25-basis-point rate cut to 6.25 per cent for the first time in five years. RBI also lowered its growth forecast for the Indian economy to 6.7 per cent, citing the headwinds…