RBI did not change the repo rate: Remains at 5.50%, there will be no change in EMI and loan rates. The Reserve Bank of India (RBI) has decided to keep the repo rate stable at 5.50% after the meeting of the Monetary Policy Committee (MPC). That is, the common people have got relief, because now loans will not be expensive and there will be no change in EMI.
RBI did not change the repo rate: Retained at 5.50%
It is worth noting that in June 2025, RBI had cut the repo rate by 0.50%, after which it reached 5.5%. This decision was taken after the MPC meeting which ran from 4 to 6 August. This information was given by RBI Governor Sanjay Malhotra today, on 6 August.
All members were unanimous in their opinion
Governor Malhotra said that all the members of the Monetary Policy Committee were in favor of keeping the interest rate stable. He said that this balanced step was necessary due to global tariffs and economic uncertainties.
What is repo rate?
The repo rate is the rate at which RBI gives short-term loans to banks. Changes in this directly affect the interest rates of the loan. Repo rate remaining stable means that now there will be no change in the EMI of home loans, personal loans and auto loans.
Challenges in global trade, but hope remains
The RBI governor said that “challenges still remain regarding global trade, but geopolitical tensions have reduced to some extent.” He said that the monsoon is normal and the festival season is near, which is expected to boost economic activities.