Home Economy Home, car, & MSME loans to get cheaper after RBI cuts policy rates first time in five years
Home, car, & MSME loans to get cheaper after RBI cuts policy rates first time in five years
RBI governor Sanjay Malhotra cut policy rates for the first time in five years, making loans cheaper for homes, cars, and MSMEs. This move aligns with recent tax cuts aimed at boosting consumption and economic growth. The adjustment is expected to reduce borrowing costs and enhance productivity without significantly impacting inflation.
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