Can get relief in bank loan soon – RBI!

Anurag Shah, after getting relief in the inflation rate in December, the Reserve Bank of India may soon take steps to reduce the EMI of your home loan. In the monetary policy to be held in February, the Reserve Bank of India can provide some relief in interest rates. This is the fifth consecutive month when retail inflation is below the target of 4 per cent.

Industry demand, instant interest

On Thursday, the governor of the Reserve Bank of India, Shakhantant Das held a meeting with the officials of FICCI, ASSOCHAM, CII. In this meeting, big legends like Uday Kotak, Adi Godrej, BK Goenka, Chandrajit Banerjee were present. Industry veterans said that interest rates should be 25 basis points i.e. 0.25% immediately. It was also decided that every 3 months the industry would give its input to the Reserve Bank. During this, the Reserve Bank governor Shikkantant Das demanded suggestions for the removal of the problems of exporters and MSME Sector. Industry market

The Reserve Bank also asked the Governor to remove the problem of liquidity. FICCI President Sandeep Somani told the media that the Governor has assured that the Reserve Bank is taking all steps to increase liquidity.

How much are the interest rates right now?

There was no change in the repo rate in the monitoring policy meeting of the Reserve Bank of India in December. The repo rate remained at 6.5 per cent, while the reverse repo rate remained at 6.25 per cent.

Report of Amit Singh Negi from Delhi / Dehradun for Idea for News