Kolkata: Though the GDP growth rate of 8.2% in Q2FY26 was beyond the expectations of most experts, there is a growing opinion that Reserve Bank of India MPC might not snip the policy Repo Rate further from the existing 5.5% today. All eyes are therefore set on what the central bank governor Sanjay Malhotra announces at 10 am.

The most significant aspect of a Repo Rate cut for the common person is that EMIs on a whole range of loans — home loan, car loan, personal loan as well as education loan — will come down. While those who will apply for new loans will get cheaper rates, those who have already taken loans, will get the benefit of lower EMIs or reduced repayment period to extinguish their running loan.

Rate cut unlikely

RBI has a dual role — one, to keep inflation in check and two,

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