There is relief news for general public and businessmen before Diwali! Reserve Bank of India (RBI) can cut 25 Basis Point in the next MPC meeting to be held on 29-30 September. This information is given in the latest report of State Bank of India (SBI). According to the report, inflation rates can go below 2% in September and October and by fY 2027 it is expected to be 4% or less. The impact of GST rates will also be clearly visible – inflation may fall by 1.1% in October, which may be the lowest level after 2004. In August, the CPI was above 2%, but was much lower than the RBI estimates (3.2%). If RBI reduces the REPO rate this time, the EMI of Home Loan, Personal Loan and Business Loan can be relieved. The RBI has already cut 0.50% in June, and now the Indian market is expected to have cheaper rates after the cut by American Federal Reserve.
Cut in Repo Rate possible! Relief will come before Diwali. Paisa Live | Repo Rate Cut Possible! Relief May Come Before Diwali
