By Admin 
Relief can be given to people paying EMI from RBI. Taking policy decisions from RBI in the monetary review meeting from April 7 to 9, the interest rate can be cut by up to 0.25 percent. At present, the central bank has scope to cut interest rate due to reduction in inflation.
However, the tariff imposed by the US has definitely created a challenge in front of maintaining the pace of the economy. In this situation, encouragement is needed to maintain an economy speed on the domestic front.
Relief expected
Earlier, in February 2025, RBI had cut the repo rate by 0.25 per cent. The repo rate was reduced from 6.5 percent to 6.25 percent. This happened for the first time after about 5 years. In such a situation, it is now expected that this time also the RBI can cut 0.25 percent further. Taking a loan can be cheaper.
If you explain in easy language, you can get some relief in EMI. According to the report of Financial Express, institutions like Bank of Baroda say that a total reduction of 0.75 percent can be seen in the whole year.
If you understand in easy language, the repo rate is the rate on which RBI gives loan to banks. When this rate decreases, banks also start giving loans to people at cheap rates, which reduces EMI and increases the expenditure in the market.
RBI’s target of inflation control is between 2 percent to 6 percent and India remains in this band. This means that now RBI’s focus will be on boosting growth. This can be news of small business, startups and the general public.
Tariff raised challenge
US President Donald Trump has announced a heavy tariff on 60 countries, including India and China. These tariffs will be from 11 percent to 49 percent and will be implemented from April 9. At the same time, RBI will announce its policy on the same day. Now it can become a chance for India. If countries like China, Vietnam, Bangladesh become expensive in the American market, then there can be a place for Indian exporters. That is, our exporters can get a new Window of Opportunity.
Actually, in such a situation, the question is how RBI will balance. That is, the needs of domestic development on one side, the changing atmosphere of global trade on the other side. Now in such a situation, the question is big whether the rate will be cut again?
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