RBI slashed repo rate 0.25% – The Reserve Bank of India (RBI) slashed the repo rate is 0.25%. Reduced to 6.50% from 6.75%. Besides, RBI’s CRR unchanged at 4.0%. RBI cuts will be cheaper loans from the banks. As the use of old and new customers will get cheap loans.
RBI policy easing in the coming days he will maintain the trend. The cash reserve ratio (CRR) at least 95% of the funds have to maintain the daily requirement will be effective from April 16, which was reduced to 90%. The central bank increased its forecast for 2016-17 unchanged at 7.6%.
After cutting the repo rate by 0.25 percent to its lowest since March 2011’s levels. But the central bank reverse repo rate by 0.25 per cent to 5.75 per cent announced. Although there has not been any change in the CRR, the CRR will remain at 4 percent.
RBI repo rate by 0.25 per cent to 0.25 per cent after the bank loan when home loan of Rs 20 lakh, Rs 25 lakh, Rs 30 lakh and 35 lakh for 20 years in the table below according to the EMI will save.
|Loan Amount||Current EMI||New EMI||Loan Tenure||Yearly Savings|
RBI cut repo rate by 25 bps point – Calculate EMI Online
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