The Reserve Bank of India will review the policy once again next week. The RBI meeting will run from June 6 to June 8. Various rates will be considered in this meeting. This will affect your EMI. This time people are expected to get relief with an increase.
The effect of the rates increased earlier by the Reserve Bank has started showing, in fact, control is being seen in the inflation rate. It is believed that this time also the bank may decide to keep the existing rates stable. Many experts have already said about this that there is no expectation of any cut in rates right now. There is a situation of uncertainty all over the world. But some such indications are also being received that it is expected that by the end of this year, there will be softening in the rates or not.
Talking to PTI, Bank of Baroda economist Madan Sabnavis said that this time it is expected that RBI will keep the rates stable. Only seven of this will keep the repo rates stable at 6.5 per cent. According to them, the inflation rate was below 5 per cent in April and a decrease in inflation is expected in May.