RBI today will review monetary policy what will happen to EMI on your homeland?

RBI today will review monetary policy, what will happen to EMI on your homeland?

RBI today will review monetary policy, what will happen to EMI on your homeland?



 The meeting is scheduled on 6 and 7 February for six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Urjit Patel. The central bank of the country can offer review of Monetary Policy of Reserve Bank of India. Whether the bank will make any changes in interest rates this time, analysts have different opinions on it. Most analysts believe that considering the rise in inflation, the price of oil and the government's plan to increase the support price of the crop, the standard policy rate can be avoided. If the bank declares interest rate reduction, then the rates of loan will be lower and in this case, you will be deducted from your EMI on the home loan and other types of loans.


Knowledgeable believe that RBI can maintain the status quo for the third time in a row. RBI had not made any change in the standard policy rate in view of the monetary policy review in December, fearing an increase in inflation. In addition, the economic growth rate for the current financial year was reduced to 6.7 percent. The central bank reduced policy rate repo by 0.25 percent to 6 percent in August, which is the minimum level of six years.

Bank chiefs and experts believe that keeping in mind the rise in inflation in international markets, the Reserve Bank can keep the policy rate constant for the third time in view of the possibility of inflation.


Rajkiran Rai, Managing Director and Chief Executive Officer of Union Bank of India, said, "I think the Reserve Bank should keep the policy rate unchanged. According to me, there is no possibility of a cut in the policy rate at the moment but they should not even increase the rate. I think the policy will be neutral. "Senior economist of Kotak Institutional Equities S Rakade also said that the Reserve Bank could maintain the status quo. However, he said that in view of the possibility of increasing the policy rate in 2018-19, the Reserve Bank's stance may be a bit aggressive.
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