RBI MPC Ka ‘Jumbo’ Rate Cut: Repo Rate Hua 5.5%, Inflation Kam, Growth Target Same

June 2025 mein RBI ki Monetary Policy Committee (MPC) ne ek bada surprise diya hai. Unhone repo rate mein ek saath 50 basis points ki cut kar di hai, jisse ab yeh 5.5% par aa gaya hai. Pichhle do policies mein sirf 25-25 bps ka cut hua tha, lekin is baar ‘jumbo cut’ dekhne ko mila.

RBI Repo Rate Cut June 2025: Kya Hai Main Highlights?

• Repo Rate: 6% se ghatakar 5.5% kar diya gaya
• Stance: Accommodative se badal kar neutral
• SDF Rate: 5.25%
• MSF aur Bank Rate: 5.75%
• CRR Cut: 100 basis points, 4 tranches mein (September 6 se shuru)
• Inflation Forecast: FY26 ke liye 3.7% se 4% ke beech
• GDP Growth Target: FY26 mein 6.5% banaye rakha gaya

RBI MPC Ke Rate Cut Ka Kya Matlab Hai?

Jab RBI repo rate cut karti hai, toh banks ko sasta loan milta hai aur wo logon ko bhi kam interest rate par loan dete hain. Isse economy mein liquidity badhti hai, demand boost hoti hai, aur investments aate hain.

RBI ka yeh step retail inflation ke significantly neeche aane ke baad liya gaya hai. April aur May ke data mein yeh dikha ki inflation ab 4% ke RBI target ke neeche aa gaya hai. Is wajah se policy mein rate cut justify kiya gaya hai.

CRR Cut Se Kya Badlav Aayega?

Cash Reserve Ratio (CRR) cut se banks ke paas jyada paise available hoga jo wo credit aur lending mein use kar sakte hain. Yeh cut 100 basis points ka hai jo 4 tranches mein September se November tak implement hoga.

Yeh ek bada step hai jo credit growth, bank lending, aur economic recovery ko support karega.

Neutral Stance Ka Kya Matlab Hai?

Policy stance “neutral” hone ka matlab hai ki ab RBI agle policy mein rate cut ya hike dono ka possibility dekh raha hai, jo inflation aur global economic conditions par depend karega.

GDP Growth Aur Economic Outlook

India ka GDP growth Q4 FY25 mein 7.4% raha, jo expectations se better tha. Lekin pura FY25 ka growth 6.5% pe ruka, jo last 4 saalon ka lowest level hai. Phir bhi RBI ne apna FY26 GDP forecast same rakha hai – 6.5%.

Isse yeh message milta hai ki RBI growth ko support karne ke liye aggressive step le raha hai, especially jab global uncertainty badh rahi hai. US aur India ke beech trade agreement bhi final stage mein hai.

Global Uncertainty Aur Trade Deal Ka Asar

US mein Trump administration ne reciprocal tariffs lagaye the, jiska impact global trade pe pad raha hai. Abhi yeh tariffs July 8 tak hold par hain. India-US trade deal ka pehla phase finalize hone wala hai jisse trade environment better ho sakta hai.

RBI ka bulletin bhi yeh kehta hai ki yeh deal agar final hoti hai to India ke liye headwinds tailwinds mein badal sakte hain.

EMI Aur Retail Customers Ko Kya Fayda Hoga?

Jab RBI repo rate cut karta hai, to home loan, car loan, aur personal loan jaise products saste ho jaate hain. EMI kam hoti hai, jo retail customers ke liye relief le aata hai. Lekin yeh depend karega ki banks kitni jaldi aur kitna cut pass on karte hain.

• RBI repo rate cut June 2025
• Monetary policy update India
• RBI CRR cut effect on banks
• Impact of repo rate cut on EMI
• GDP growth forecast FY26 India
• Inflation target by RBI 2025
• How repo rate affects home loan interest

Conclusion: Kya Yeh Sahi Time Hai Borrow Karne Ka?

Haan! Agar aap loan lene ka plan kar rahe hain to yeh sahi time ho sakta hai. RBI ke recent actions se lagta hai ki financial system mein liquidity badhegi, aur loan rates niche jaayengi. Lekin aapko apne risk tolerance aur repayment capacity ke hisaab se decision lena chahiye.

RBI ka yeh jumbo move economic revival ko aur boost dene ke liye kiya gaya hai. Lekin Governor ne bhi clear bola hai ki aage space limited hai. Toh ab banks aur market participants ko responsibly react karna hoga.

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