In addition to the repo rate cut, the RBI also reduced the Cash Reserve Ratio (CRR) by 100 basis points, from 4 per cent to 3 per cent.

HDFC Bank has lowered its benchmark lending rates by 10 basis points across all loan tenures, effective June 7, following the Reserve Bank of India's unexpected 50 basis point repo rate cut. The RBI also reduced the CRR by 100 basis points to 3%,

RBI cuts repo rate to 5.50%. Know how this affects your home loan EMIs, may drop up to ₹4,000, and what it means for your FD interest rates.