RBI cuts repo rate by 0.25 %, EMIs to come down

After a jolt of increased service tax of 14 percent, there is a good news coming up. your EMIs on home and auto loans will come down as The Reserve Bank of India (RBI) has cut repo rate by 25 basis points today from from 7.5% to 7.25% with immediate effect. however the cash reserve ratio (CRR) remains unchanged at 4%.