Home, other loan EMIs stable
The RBI’s decision to keep interest rates unchanged is pragmatic and on the expected lines, and ensures that EMIs on home and consumer loans remain stable, experts said on Thursday.
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New DelhiThe RBI’s decision to keep interest rates unchanged is pragmatic and on the expected lines, and ensures that EMIs on home and consumer loans remain stable, experts said on Thursday.
The Reserve Bank of India (RBI) left its key policy rates unchanged for a third straight meeting but signalled tighter policy if food prices drive inflation higher.
“As expected, the RBI has taken the pragmatic approach and kept the policy repo rate unchanged at 6.5 per cent. The central bank has reiterated its commitment to bring inflation within the target band while continuing its focus onww supporting growth,” said EEPC India Chairman Arun Kumar Garodia.
While exporters are exploring new markets, the fiscal and monetary support remains crucial for the sector, which is key to generating jobs and earning forex, he said. Unveiling the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Indian rupee has remained stable since January 2023 and foreign exchange reserves have crossed $600 billion mark.
