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Tuesday, January 29, 2013

Repo rate cut : Home loans and auto loans to be cheaper


The Reserve Bank of India (RBI) cutting the repo rate by 25 basis points to 7.25%. With this home loans and auto loans are going to be cheaper. The rate cut will benefit the banking sector and this may in turn translate into a lowering of the EMI burden currently borne by home and auto loan borrowers. It is widely expected that banks will actually go ahead and reduce the Base  ate, which....