Mumbai Will those who take loans take more relief on EMI? Its information will be received on 1 October 2025. After the meeting of the Reserve Bank of India i.e. RBI Monetary Committee (MPC), Governor Sanjay Malhotra will give information about the decisions. The RBI had cut the repo rate by 100 basis points from February to June this year. After which the loans taking loans did not get relief in August, as the MPC of RBI decided to maintain the repo rate at 5.50 per cent. Now the loan taking the loan hopes that the RBI can cut the repo rate and a 0.25 basis point.
The MPC meeting of RBI is to be held from Monday 29 September. The decisions taken in the MPC meeting on 1 October 2025 will be revealed. If the RBI reduces the repo rate to 5.25 percent after the MPC meeting, then the people will get more relief. State Bank has said in a recent report that RBI is currently in a position to cut the repo rate. The reason for this is to remain a decrease in inflation. However, due to the tariff of Trump on India and the recent GST exemption from the government, the hope of cutting EMI may also be shocked.
The RBI had increased the repo rate six times in a row since May 2022 due to inflation continued to be more than six percent in a row. After the MPC meeting in February 2023, the repo rate was increased to 6.50 percent. Even in April 2024, RBI did not make any changes in the repo rate for the seventh consecutive time. Because of this, EMI was increasing on debt. Apart from this, banks had also increased the interest rate on FD due to increase in repo rate. In the last few MPC meeting, the interest rate on FD has also decreased due to reduction of 100 basis points in the repo rate. Which directly affects the elderly. Because only the elderly make FDs in most banks.
