RBI cuts repo rate by 25 bps: Borrowers can rejoice as their home loan EMI comes down further

RBI MPC Meeting repo rate cut: The RBI Governor announced the reduction in the repo rate by 25 basis points in the MPC meeting today. The latest repo rate cut will help the borrowers to reduce their EMIs in the upcoming months and relief from higher EMIs. Read on to know what borrowers need to do now.