New Delhi, June 5 -- The Reserve Bank of India's (RBI) monetary policy committee (MPC) is expected to cut repo rate on Friday after the conclusion of a 3-day policy meeting. This is likely to further reduce your home loan EMI once the banks pass on the benefit of rate cut to their consumers.

Notably, RBI cut repo rate by 25 basis points to 6.25 percent on February 7after a gap of nearly five years. The maiden rate cut of 2025 was followed byanother rate cut on April 9 - also of 25 basis points.

Now, if the MPC proceeds with a rate cut the third time, the repo rate will become lower than 6 percent. So, it appears that the rate cut cycle, which kicked off early this year is expected to continue for some more time. There is no denying the ...