Home loan, I am happy that the repo rate has not increased, but what did RBI say! Home loan holders, just pay attention – rbi not changed the repo rate but home loan borrower should not be happy so much
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borrowers should not be very happy
RBI Governor Shaktikanta Das announced the monetary policy. He talked about the current state of the global and Indian economy. Expressing concern over inflation, he said that the fight is still going on. During this announcement, when you look at some of the things of the RBI governor, then your happiness will decrease a little. He said that the decision not to increase the repo rate is only for the April monetary policy. Looking at the situation in the coming days, we will take a decision. He hinted in various things that this happiness will not last for many days. RBI’s decision not to change the repo rate will not give you relief for a long time. That is, customers taking home loans, car loans should not assume that RBI has put a permanent brake on the policy rate. The next monetary policy is due in the first week of June. That is, after two months, RBI can decide on the interest rate after reviewing it once again. After considering factors like inflation situation, economy demand, the interest rate can be decided.
Understand this signal of RBI
The RBI governor said that on the decision to increase the repo rate, it has been decided to put a break in the April monetary policy. This is just a stopover. That means there may be a change in the coming days. He said that while assessing the situation in the coming days, the Monetary Committee will not hesitate to take any kind of action. That is, this relief is for a few moments. RBI may change the repo rate in the coming days. This time the RBI has given this relief keeping in view the condition of the global economy and the basic condition of the Indian economy. India’s economic condition is better than the global economy. India’s services sector is doing well. The rupee is stable even after depreciating against the dollar. While banks around the world are drowning in trouble, the condition of Indian banks is getting better. Inflation is still a big challenge for RBI, in view of which RBI may take tough decisions in the coming days.
After increasing it six times, RBI imposed brakes, repo rate remains at 6.5%, EMI of your loan will not increase
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