Big news of June 5 morning: After the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), Governor Sanjay Malhotra announced major decisions. RBI has decided to keep the repo rate unchanged at 5.25 percent. The direct effect of this decision will be that there will be no change in the EMI of existing home, auto and other floating rate loans and the interest rates will remain stable.
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