EMIs to rise as RBI hikes interest rate again albeit at a slower pace
2 years ago

EMIs to rise as RBI hikes interest rate again albeit at a slower pace

India TV News  

On Wednesday, the RBI took a major decision to hike the key repo rate by 35 basis points. The economic "growth in India remains resilient, and inflation is expected to moderate," Das said. The RBI retained its 6.7 percent inflation forecast for the current fiscal year ending March but lowered economic growth expectation to 6.8 percent from the 7 percent forecast previously. Announcing the monetary policy committee's decisions, Das said the main risk is that inflation could remain sticky and elevated. "The MPC was of the view that further calibrated monetary policy action was warranted to keep inflation expectations anchored, break core-inflation persistence and contain second-round effects," he said.

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