RBI Holds Repo Rate Steady, What Does It Mean For You?

The RBI has still kept the repo rate unchanged at 5.25%, meaning borrowers are unlikely to see immediate changes in home or car loan EMIs, while FD rates may remain stable. The decision comes amid 4.38% retail inflation and a weakening rupee. However, the RBI also raised its growth forecast to 6.7% and lowered its inflation projection to just 5%.