RBI Set to Make a Big Decision on Your EMI: What You Need to Know!
Amid the festive season, there seems to be no relief on the horizon for your EMIs. However, experts believe that the RBI is unlikely to make such a move anytime soon, as domestic inflation remains a significant concern. Although the Federal Reserve's rate cuts could have a global impact, including easing financial conditions in India, the RBI is cautious due to the inflationary pressures that still persist in the country. Experts suggest that the RBI will likely adopt a wait-and-watch approach, assessing inflation trends and global economic conditions before deciding on any policy changes. While rate cuts in the US have made borrowing cheaper globally, India's domestic situation, particularly inflation, remains a key factor in the RBI's decision-making process.
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