Which one of the following assumptions is incorrect regarding how they might adjust EMIs, FD rates, and inflation expectations in response to the RBI's move?

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, raised its FY27 growth forecast and trimmed its inflation estimate.

• Option 1: EMI rates will be more expensive
• Option 2: FD rates won't drop due to changes in expectations