RBI leaves repo rate unchanged: What this means for your EMIs, FDs

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RBI leaves repo rate unchanged: What this means for your EMIs, FDs

  • Borrowers who are facing salary cut/job loss due to the novel coronavirus pandemic situation and were looking for some reduction in their equated monthly instalment (EMI) burden will have to wait a little longer.
  • On the other hand, no change in policy rates means good news for fixed deposit (FDs) investors as banks may go slow on cutting interest rates on FDs.

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