The brand new Reserve Financial of India’s (RBI) rules group meetings never ever don’t do a buzz among mortgage consumers. With its most recent meeting, the latest Indian central financial leftover the new repo price intact in the six.50%. When you’re someone which have a mortgage, you will be interested in what this means for your requirements. Read on to understand the fresh new math trailing it.
What is the repo speed and how it has an effect on your home financing EMIs?
The fresh repo rate, otherwise repurchasing alternative rates, ‘s the speed of which the fresh RBI gives currency in order to financial institutions. (more…)