This news can be very relieving for the common people. RBI, which is relaxing monetary policies to continuously boost the economic front, is considering a 0.50 percent cut from next month i.e. june till Diwali. According to reports, RBI has a review meeting between 4 and 6 june next month. In this, the monetary policy committee can take an important decision and give good news to the people.
If reports are to be believed, a consensus has been reached on a cut of 0.25 percent even before the RBI committee meeting. Another cut in repo rate is possible from RBI in the meeting to be held in the first week of august or the last week of September. diwali is also on 20 October. In such a situation, RBI's diwali gift can be given to the public in the form of concession.
You can get a diwali gift
RBI has cut the repo rate by 25 basis points in the month of February, while after the meeting held in the month of April, people were given a big relief by again cutting the repo rate by 25 basis points. sbi had earlier even said in its report that during the financial year 2025-26, a big cut of up to 125 basis points can be made by RBI.
In the report of sbi released in the first week of this month, it has been told that about 75 basis points can be cut in the meetings to be held in the months of june and august, while a cut of 50 basis points is also possible during the second half of the financial year 2026.
What is repo rate?
RBI meets every two months, in which policy matters are reviewed. Of the six members included in the RBI Monetary Policy Committee, three are from RBI while the others are appointed by the Central Government. There are six meetings during the financial year. In this, the repo rate is decided keeping in view the market conditions so that inflation and the economy remain under control.
The repo rate is the rate at which loans are given to banks by the RBI. If there is a reduction in the repo rate, it directly affects the common people, because after that the bank loan provided by the banks becomes cheaper. Along with this, the EMI on people's loans also becomes cheaper. home and car loans also become cheaper..jpg)
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