Will home loan interest rates go down in 2024 in India?

[{"selector":"#anim-07784a82-701f-4b36-8618-c0c5a699dc55","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-732239b1-6489-45a4-9a50-ed8e986cf48a","keyframes":{"transform":["translate3d(100.00000%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Reserve Bank of India (RBI) on February 8, 2023, increased the repo rate for the 6th time in a row by 25 basis points. With the current hike,

The repo rate now stands at 6.50%. The move by the RBI will result in home loans getting costlier.

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