RBI Cuts Repo Rate after 5 years: RBI reduced after 5 years 0.25% repo rate, what will be the effect on the common man, know

RBI has cut the repo rate after 5 years. The repo rate has been reduced from 6.5% to 6.25%. This decision is expected to reduce the EMI of home loans and other loans. The Monetary Policy Committee (MPC) meeting has taken this decision unanimously. The new RBI Governor Sanjay Malhotra announced the decision. See video.