RBI Pauses Rate Hike After A Year! What Is There For Home Loan Borrowers?

Many homebuyers who have been battling increasing home loan interest rates are relieved by the Central Bank of India's (RBI) decision to hold the repo rate constant at 6.5 percent in its first bimonthly monetary policy review of FY24 on Thursday. Banks must pay more to borrow money from the RBI when the repo rate is high, and this expense is passed on to borrowers in the form of higher interest rates. How will things develop going forward for loan borrowers, especially those who have taken out home loans? Join BTTV's Managing Editor Siddharth Zarabi with Madan Sabnavis to know more.