Repo Rate Remains Unchanged But EMIs May Fall
Thursday, December 8, 2016, 12:30 PM
The RBI has maintained the repo rate at 6.25%. The RBI was expected to reduce the repo rate, by at least 25 basis points, to support growth in the economy.Banks could still reduce lending rates, as there is a lot of liquidity in the system. Banks have received more than INR 8.45 lakh crores of old notes from citizens.