Assuming the rate kicks in from April 1 after 12 EMIs of this loan have been paid, then one can get per-lakh interest savings of Rs 3002 from the rest of the year.

Experts say the RBI has delivered the necessary monetary policy support to the economy, and that today's measure should drive demand and boost FY26 growth

Lower interest rates generally push bond prices higher as investors lock in better yields from existing bonds. However, Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities, noted that India's 10-year bond yields spiked after the rate cut since the market had already factored in the decision,