India, Aug. 6 -- In today's monetary policy meeting, the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.5%, following a cumulative 1% reduction over the past three policy reviews. The decision reflects the RBI's effort to balance domestic stability against a weakening global economic backdrop. Personal finance experts advise borrowers still repaying loans at significantly higher interest rates to consider switching to repo-linked lending products to reduce long-term borrowing costs.

"The RBI is exercising caution, preparing to act if external shocks, especially tariffs, begin to weigh more heavily on recovery. With no signal of imminent Fed cuts, the central bank is balancing internal stability against a weakening global b...