What does RBI's repo rate move mean for loans and fixed deposits?

RBI's MPC decided to keep repo rate unchanged at 5.25%, which means home, car and other loans with variable interest rates will remain unaffected. Meanwhile, fixed-rate borrowers will not see any immediate impact unless they refinance or switch to another lender. For holders of fixed deposits, the move signals there's little immediate pressure on banks to revise FD return rates.