Your Home loan EMI may fall this year! Most of the people paying home loan have been troubled by the increase in their EMI in the last two and a half to three years. The reason is that the Reserve Bank of India (RBI) increased the repo rate i.e. policy interest rates by 2.5% between May 2022 and February 2023 to control inflation. During the last few years, when the inflation rate came under control, it was expected that RBI would probably start cutting the repo rate. But the Reserve Bank has dashed these hopes by not doing so in the latest review of monetary policy. In such a situation, the question arising in the minds of people paying home loan is when will their EMI reduce? How much longer will they have to wait for this? The good thing is that despite the repo rate not being cut, the possibility of your home loan interest rates and EMI decreasing during this calendar year has not ended. Let us know what is the reason for this.