Under the new tax regime, after the Finance Minister in 2025, after paying tax free to the annual income of up to Rs 12 lakh in income tax, will the loan be cheaper now? Experts say that after the RBI prevented the interest rate for two years, the major interest rate is likely to be cut by 25 basis points this week. According to PTI news, however, experts have also said that the fall in the rupee still remains a matter of concern.
The rate is unchanged since February 2023
According to the news, experts believe that retail inflation has been within the reserve bank’s comfort field (less than 6 percent) in most of the year, so the central bank cut rates to promote the development affected by sluggish consumption Can do Let me tell you, before this, the Reserve Bank of India (RBI) has kept the repo rate (short -term lending rate) unchanged from February 2023 at 6.5 percent. The central bank last cut the rate during the Kovid period (May 2020) and then gradually increased to 6.50 percent.
MPC meeting starting on Wednesday
Sanjay Malhotra, the newly appointed Governor of the Reserve Bank of India, will preside over the meeting of its first monetary policy committee (MPC) starting on Wednesday. The decision of the six -member panel will be announced on Friday (7 February). Madan Sabnavis, the chief economist of Bank of Baroda, said that interest rates are more likely to cut this month. RBI has already announced measures to increase cash, which has improved the market situation. This appears to be a condition for rate cuts. The Union Budget has encouraged and it may be appropriate to reduce the repo rate to support it.
What do experts say
The Reserve Bank of India has announced measures to add cash worth Rs 1.5 lakh crore to the banking system on 27 January. He said that we can expect some changes especially in the GDP forecast as the NSO had estimated 6.4 percent for the year. Ekra’s chief economist and outreach chief Aditi Nair said that the dynamics of development inflation have improved since the December 2025 policy meeting. He said that we feel that the policy review of February 2025 has a balance in favor of cutting interest rates. However, he also says that if the global factors cause more weakness in the Indian rupee/US dollar cross rate during this week, then the deduction in anticipated interest rates can be postponed by April 2025.
The condition of the rupee is battered
On Monday, the rupee fell by 55 paise to close at the all -time low of 87.17 (provisional) against the US dollar. In order to promote demand in the Union Budget presented in Parliament on Saturday, a major income tax has been announced to promote consumption especially for the middle class.
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