RBI cuts repo rate to 5.50%. Know how this affects your home loan EMIs, may drop up to ₹4,000, and what it means for your FD interest rates.

Home, auto and other loans are likely to cost less as the Reserve Bank of India (RBI) cut interest rates by a larger-than-expected 50 basis points on Friday and unexpectedly reduced

Repo rate cut is expected to lower EMIs for home loan borrowers, providing significant relief, while also likely reducing fixed deposit returns for investors