{"id":49362,"date":"2017-08-06T07:57:26","date_gmt":"2017-08-06T02:27:26","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=49362"},"modified":"2017-08-06T07:57:26","modified_gmt":"2017-08-06T02:27:26","slug":"rbi-cuts-key-rate-0-25-lower-home-auto-emis","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/rbi-cuts-key-rate-0-25-lower-home-auto-emis","title":{"rendered":"RBI cuts key rate by 0.25%; to lower home and auto EMIs"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"281\" height=\"179\" data-attachment-id=\"49363\" data-permalink=\"https:\/\/www.legalindia.com\/news\/rbi-cuts-key-rate-0-25-lower-home-auto-emis\/rbi-2\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?fit=281%2C179&amp;ssl=1\" data-orig-size=\"281,179\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"rbi\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?fit=281%2C179&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?fit=281%2C179&amp;ssl=1\" class=\"alignright size-full wp-image-49363\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?resize=281%2C179&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?w=281&amp;ssl=1 281w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/08\/rbi.jpg?resize=150%2C96&amp;ssl=1 150w\" sizes=\"auto, (max-width: 281px) 100vw, 281px\" \/><\/a>The Reserve Bank today slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans.<\/p>\n<p>This is the first rate cut since October 2016 and the interest rate is now at 6-year low.<\/p>\n<p>In line with record low retail inflation, the RBI Governor headed Monetary Policy Committee (MPC) cut policy repo rate by 25 basis points to 6 per cent and the reverse repo by similar proportion to 5.75 per cent.<\/p>\n<p>The MPC has also decided to keep the policy stance neutral and to watch incoming data with a view to keeping headline inflation close to 4 per cent.<\/p>\n<p>It stressed on urgent need to reinvigorate private investments, clear infrastructure bottlenecks and provide a major thrust to the Pradhan Mantri Awas Yojana.<\/p>\n<p>RBI said it is working in close coordination with the government to resolve large stressed corporate borrowings and recapitalise public sector banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank today slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans. This is the first rate cut since October 2016 and the interest rate is now at 6-year low. In line [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":49363,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1954],"tags":[40174,31987,40173,40176,40177,40172,40175],"class_list":["post-49362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-high-profile-cases","tag-auto-emis","tag-featured","tag-lower-home-emis","tag-monetary-policy-committee","tag-mpc","tag-rbi-cuts-key-rate-by-0-25","tag-rbi-governor"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RBI cuts key rate by 0.25%; to lower home and auto EMIs - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The Reserve Bank today slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower - Get the latest legal news from the Supreme Court, High Courts, and government. 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