India, April 9 -- Home loan interest rates are expected to ease further after the Reserve Bank of India (RBI), led by governor Sanjay Malhotra, announced a 25 basis points reduction in the repo rate, bringing it down to 6 per cent.

This move, part of the first monetary policy for the financial year 2025-26, is likely to benefit borrowers, with rates potentially dipping below 8 per cent per annum.Given that banks have previously shown hesitation in passing on the full benefits of repo rate cuts to retail borrowers, it will be crucial to observe how major lenders respond to the RBI's recent decision. If they reduce their rates by around 50 basis points following the RBI's 25 basis point cut, it will offer substantial relief to home loan bo...