RBI: Your loan EMI will not increase this time too, RBI did not increase the repo rate

Today's news is of great use for the common man. Yes, Reserve Bank of India Governor Shaktikanta Das has decided not to increase interest rates for the 8th time in a row. The decision of the three-day Monetary Policy Committee meeting has come today and the focus of the Reserve Bank is currently on controlling inflation.

With this decision of RBI, the EMI of the loan of common people will not increase. The new monetary policy has been announced on Friday, June 7. The governor said that the repo rate has been kept unchanged at 6.5 percent for the 8th time in a row. Earlier, the repo rate was last increased by 0.25 percent in February 2023.

The RBI MPC meeting was held between June 5 and June 7 to review the interest rates, in which 4 out of the 6-member MPC have decided not to change the interest rates based on majority.