The key policy rate at which the Reserve Bank of India lends short-term liquidity to commercial banks. The primary anchor of all floating retail loan interest rates in India.
How This Benchmark Affects Your Money in India
•Directly determines your home loan and car loan EMIs via external benchmark lending rates (EBLR).
•A 25 bps rate cut saves approximately ₹15,000 per year in interest on a ₹50 Lakh home loan.
