6 steps for borrowers to reduce home loan EMIs as RBI to keep higher interest rate for longer

Experts expect an overall rate cut of up to 50 bps by the end of this year. “These domestic conditions of diminishing inflation and promising growth prospects set the stage for a potential rate cut. We anticipate that in the upcoming MPC meetings, the RBI will likely announce a rate cut ranging from 25 to 50 basis points, provided the current conditions continue to improve,” says Raoul Kapoor, Co-CEO, Andromeda Sales and Distribution.