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As of December 6, 2024, the repo rate in India is 6.50%. The repo rate is the interest rate at which the Reserve Bank of India (RBI) lends money to commercial banks. Changes in the repo rate can lead to adjustments in home loan interest rates, thus affecting your Equated Monthly Installments (EMIs). An increase in the repo rate generally results in higher EMIs, while a decrease can lower your EMI payments.
