RBI cuts repo rates by 25 bps to 6 per cent, home loans may get cheaper
Thus the overall difference of 0.25 per cent. The main result of lower loan costs, necessary to accelerate a quick industrial turnaround time which in turn drives people to spend more.
The RBI Governor mention that the most threatening Inflation has fallen significantly in last three months .This is the impact o of GST and good monsoon. Growth forecast remains unchanged at 7.3 per cent for the current year.