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Even as repo rate remains unchanged, EMIs may still fall

"The RBI has so far received Rs11.55 lakh crore back in deposits. The removal of incremental CRR will release more liquidity into the banking system," says Puru Vashishtha, Advisor and Board Member, Deal4Loans.

Gold, which is considered as safe haven under uncertain circumstances, saw a surge in demand on Wednesday due to both global and domestic factors.