RBI policy: How will further hike in repo rate impact your loan EMIs?
2 years, 6 months ago

RBI policy: How will further hike in repo rate impact your loan EMIs?

Live Mint  

You should evaluate the personal loan interest rates offered by several NBFCs and banks before applying for a personal loan with a certain bank. When you compare interest rates of various banks, you may find that another bank is giving personal loans and home loans at a much lower rate. The Reserve Bank of India increased the repo rate by 40 basis points to 4.40 percent on May 4, up from 4 percent previously. Present personal loan rates at various banks Bank Interest Rate Processing Fee Aditya Birla Capital 14% p.a.

Personal Bank Loan Interest Rates Interest Rate Rbi Rates Emi Crr Onwards Repo Various Banks  rate  emis  interest  bank  rbi  loan  repo  policy  personal  impact  pa  hike  onwards  banks  rates

History of this topic

RBI MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%
2 weeks, 4 days ago

RBI MPC Highlights: Sensex, Nifty Close In Red As RBI Keep Repo Rate Unchanged At 6.5%

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. In the last MPC meeting, held from October 7-9, the committee decided to keep the benchmark interest rate at 6.5 per cent, marking the tenth consecutive meeting with no change in rates. However, Nomura predicts a 25 basis point repo rate cut by the RBI in this Monetary …

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report
3 weeks, 3 days ago

No change expected in repo rate at next week's RBI monetary policy committee meet, cut ‘very likely’ in Feb: Report

Hindustan Times  

HDFC Bank estimates that the central Reserve Bank of India would keep the repo rate steady at 6.5% in its final monetary policy committee meeting of the year, to be held next week, the country's largest private sector bank said in a report. RBI held its previous monetary policy committee meeting in October A rate cut is “very much possible” …

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!
1 month, 1 week ago

RBI Set to Make a Big Decision on Your EMI: What You Need to Know!

ABP News  

Amid the festive season, there seems to be no relief on the horizon for your EMIs. However, experts believe that the RBI is unlikely to make such a move anytime soon, as domestic inflation remains a significant concern. Although the Federal Reserve's rate cuts could have a global impact, including easing financial conditions in India, the RBI is cautious due …

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs
4 months, 2 weeks ago

RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

Hindustan Times  

The Reserve Bank of India kept repo rate steady at 6.5 percent for the ninth time in a row in its Monetary Policy Committee review. This year, HDFC Bank increased home loan rates for new borrowers by 40 basis points despite repo rates being steady. For HDFC Bank, the lowest interest rate on a ₹50-lakh home loan was 8.35 per …

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance
4 months, 2 weeks ago

9 Times and Counting: Repo Rate on Hold Again, Decoding RBI's Steady 6.5% Stance

News 18  

RBI has kept the benchmark interest rate unchanged for the 9th time in a row at 6.5%. Announcing the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das said the Monetary Policy Committee has decided to keep the repo rate unchanged. RBI MPC Meeting LIVE Updates “Inflation and growth are evolving in a balanced manner, though …

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers
6 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%: What MPC policy means for home buyers

Live Mint  

RBI keeps repo rate unchanged at 6.5%: The Reserve Bank of India's decision to retain the repo rate at 6.5% for the eighth consecutive time ensures economic stability amid global uncertainty and domestic inflation concerns. {{^adFree}} {{/adFree}} "This stability supports the real estate market, making housing more affordable and boosting consumer confidence. With GDP growth projected at 7% in FY25 …

RBI repo rate decision: What will be impact on home loan EMIs
8 months, 2 weeks ago

RBI repo rate decision: What will be impact on home loan EMIs

Hindustan Times  

The Reserve Bank of India kept the repo rate steady at 6.5 percent for the seventh time in a row. This means that your home loan interest burden and equated monthly installments will remain unchanged for now. RBI repo rate decision: This means that your home loan interest burden and equated monthly installments will remain unchanged for now. Looking ahead, …

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk
10 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%, cites food-inflation risk

Hindustan Times  

The Reserve Bank of India on Thursday kept its benchmark repo rate unchanged at 6.5% for the sixth straight time, staying focused on anchoring inflation and boosting growth. “Uncertainty in food prices continues to impinge on headline inflation,” RBI governor Shaktikanta Das said at a briefing in Mumbai. A hike makes borrowing expensive for businesses, limiting money supply and cooling …

Will your EMIs come down? What RBI's repo rate decision could mean for you
10 months, 2 weeks ago

Will your EMIs come down? What RBI's repo rate decision could mean for you

Hindustan Times  

The Reserve Bank of India 's Monetary Policy Committee has begun its three-day deliberations in Mumbai- the first meeting since the announcement of the Interim Budget by Finance minister Nirmala Sitharaman. In its December meeting, the RBI decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fifth straight time. RBI MPC 2024: …

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%
1 year ago

‘Monetary policy actively disinflationary’: RBI keeps repo rate unchanged at 6.5%

Hindustan Times  

The Reserve Bank of India on Friday maintained its benchmark repo rate at 6.5%, keeping its focus on anchoring inflation and boosting growth. Monetary policy will remain actively “disinflationary”, RBI Governor Shaktikanta Das said after a two-day meeting of the bank’s six-member monetary policy committee. He said that the central bank’s successive policy rate hikes, a reference to increases in …

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer
1 year, 2 months ago

RBI Watching Inflation Like a Hawk, But Keeps Rates in Check For Festive Cheer

News 18  

The inflation genie is not back in the bottle yet, with sub-optimal Kharif sowing in pulses and oilseeds expected to lead to an increase in dal and cooking oil prices going forward. Such weighty inflation considerations could have pushed the Reserve Bank of India to raise lending rates in its bi-monthly monetary policy review, which concluded on Friday morning. Anuj …

RBI MPC Decisions: Here's What India's Middle Class Needs To Know
1 year, 2 months ago

RBI MPC Decisions: Here's What India's Middle Class Needs To Know

News 18  

The Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee unanimously decided to keep the repo rate unchanged at 6.5 per cent. According to him, the growth …

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?
1 year, 2 months ago

RBI Keeps Repo Rate Unchanged: What It Means For Your Home Loan?

News 18  

RBI MPC Meeting October 2023: Reserve Bank of India on Friday kept the report rate unchanged as was expected from many quarters of the industry. Announcing the decision, RBI Governor Shaktikanta Das said that the monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent unanimously. Overall, we believe that this momentum is projected to persist …

How RBI policy outcome will impact home loan borrowers explained
1 year, 4 months ago

How RBI policy outcome will impact home loan borrowers explained

Live Mint  

The Reserve Bank of India has released a key proposal with the goal of improving both the flexibility and transparency of rates of interest on variable-rate loans. The framework will require Regulated Entities to clearly communicate with borrowers for resetting the tenor and/or EMI; provide options for switching to fixed-rate loans or foreclosure of loans; disclose various charges incidental to …

RBI keeps repo rate unchanged in third straight policy meet
1 year, 4 months ago

RBI keeps repo rate unchanged in third straight policy meet

Deccan Chronicle  

Mumbai: The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. RBI Governor Shaktikanta Das on Thursday at a press conference said, "Monetary Policy Committee decided unanimously to keep the Repo Rate unchanged at 6.50%" RBI typically conducts six bi-monthly …

Will Your Loan EMI Go Up From September? How Experts See RBI's BIG Meeting This Week?
1 year, 4 months ago

Will Your Loan EMI Go Up From September? How Experts See RBI's BIG Meeting This Week?

News 18  

RBI MPC Meeting August 2023: The RBI Governor-headed six-member Monetary Policy Committee’s meeting is scheduled on August 8-10. The borrowing cost, which started rising in May last year, has stabilised with the RBI keeping the repo rate unchanged at 6.5 per cent since February when it was raised from 6.25 per cent. When the RBI repo rate increases, it becomes …

RBI policy: How will your home loan EMIs be affected by rate pause or hike?
1 year, 6 months ago

RBI policy: How will your home loan EMIs be affected by rate pause or hike?

Live Mint  

Limelight is once again back at RBI who is set to declare the second bi-monthly monetary policy decision of FY24 on June 8th. Either way, a hike or a pause, RBI's repo rate action will have an impact on your home loan EMIs. Read here: RBI Policy: MPC to begin bi-monthly monetary policy meeting today; repo rate decision on June …

MPC meet: RBI to maintain policy repo rate at 6.5%, say experts
1 year, 6 months ago

MPC meet: RBI to maintain policy repo rate at 6.5%, say experts

Hindustan Times  

The Reserve Bank of India will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. After the last MPC meeting in April, the RBI paused its rate hike cycle and …

RBI Likely To Maintain Pause On Interest Rate As Inflation Moves Southwards: Experts
1 year, 6 months ago

RBI Likely To Maintain Pause On Interest Rate As Inflation Moves Southwards: Experts

News 18  

The Reserve Bank of India will maintain the policy repo rate at 6.5 per cent during its upcoming June 8 announcement, considering the easing of retail inflation in April and the potential for further decline, indicating the effectiveness of previous policy rate actions, anticipate experts. After the last MPC meeting in April, the RBI paused its rate hike cycle and …

RBI To Hold Rates In 2023, Cut Expected In Early 2024: Report
1 year, 6 months ago

RBI To Hold Rates In 2023, Cut Expected In Early 2024: Report

News 18  

The Reserve Bank of India will leave its key interest rate unchanged at 6.50% on June 8 and for the rest of 2023 as it waits to see the economic impact of a series of hikes over the past year, a Reuters poll of economists found. Despite hitting an 18-month low of 4.70% in April, inflation was not expected to …

RBI keeps repo rate unchanged at 6.5 per cent
1 year, 8 months ago

RBI keeps repo rate unchanged at 6.5 per cent

Deccan Chronicle  

Mumbai: The Reserve Bank of India on Thursday hit the pause button and decided to keep key benchmark policy rate at 6.5 per cent even as inflation is trending above its tolerance level. Retail inflation in February stood at 6.44 per cent compared to 6.52 per cent in the previous month. Many institutions, including the World Bank and Asian Development …

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know
1 year, 8 months ago

How RBI repo rate hikes impact your home loan EMIs? Here’s all you need to know

Live Mint  

Recently, there has been a massive impact in the home loan Easy Monthly Instalments due to interest rate changes in India. Proportion of interest servicing and principal repayment depends on various factors such as tenure of loan, rate of interest, part payments and number of EMI’s already paid. What it means is that the initially planned EMI of ₹ 62,551 …

RBI to raise repo rates on April 6 but future hikes undecided, says Reuters poll
1 year, 8 months ago

RBI to raise repo rates on April 6 but future hikes undecided, says Reuters poll

Live Mint  

A recent Reuters poll of economists predicts that the Reserve Bank of India will increase its primary interest rate by 25 basis points on April 6, but then keep rates unchanged for the remainder of the year while continuing to maintain its tightening stance. The poll suggests that persistently high inflation in India, which exceeded the RBI's upper tolerance limit …

‘RBI’s decision to hike repo rate will affect trade and industry’
1 year, 10 months ago

‘RBI’s decision to hike repo rate will affect trade and industry’

The Hindu  

Reserve Bank of India’s decision to increase the Repo rate by 0.25 % from 6.25 % to 6.50% would affect trade and industry, especially micro, small and medium enterprises and industrial investments, said Tamil Nadu Chamber of Commerce and Industry. In a press release, its president N. Jegatheesan said that the trade and industrial sector was shocked that the repo …

Repo rate hike: Developers watch cautiously, home buyers to pay more
1 year, 10 months ago

Repo rate hike: Developers watch cautiously, home buyers to pay more

Hindustan Times  

The Reserve Bank of India’s sixth consecutive hike in repo rate on Wednesday has made the real estate industry cautious that it may hit the housing demand and at the same time has left home buyers worried about the rising home loan EMIs. Shishir Baijal, CMD, Knight Frank India, said since the rate hike cycle began in May 2022, RBI …

RBI hikes repo rate. How will this impact your loan EMIs?
1 year, 10 months ago

RBI hikes repo rate. How will this impact your loan EMIs?

Hindustan Times  

In its first Monetary Policy statement of 2023, the Reserve Bank of India on Wednesday hiked the policy repo rate by 25 basis points to 6.5%. This was the sixth straight hike to the repo rate, which, in December last year, was raised by 35 basis points to 6.25%. The decision to raise the repo rate was approved by a …

RBI repo rate hike: How will it affect fixed deposits (FDs)?
1 year, 10 months ago

RBI repo rate hike: How will it affect fixed deposits (FDs)?

Hindustan Times  

In its first monetary policy decision after the Union Budget 2023, the Reserve Bank of India has hiked the repo rate by 25 basis points. With the raising of key benchmark interest rate by 25 basis points to 6.5 per cent, there will be a direct impact on both bank depositors and new loan borrowers. Currently, top banks, such as …

RBI Monetary Policy: Repo Rate Hike Likely To Dampen Homebuyers' Sentiment
1 year, 10 months ago

RBI Monetary Policy: Repo Rate Hike Likely To Dampen Homebuyers' Sentiment

ABP News  

As the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 per cent, the interest rate on home loans is expected to increase. "With repo rates now at 6.5 per cent, there could be some repercussions on housing uptake as home loan interest rates will head further north. When the central …

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts
1 year, 10 months ago

RBI MPC: Home Loan EMIs Set To Increase By 2-4% Post RBI Rate Hike, Say Experts

News 18  

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %. Ratan Chaudhary, Head, Home Loans, Paisabazaar, said, “Existing home loan borrowers can either opt for the EMI increase or tenure increase option, with the consent of the lender, as …

How RBI’s 25 bps repo rate hike could impact your loan EMIs
1 year, 10 months ago

How RBI’s 25 bps repo rate hike could impact your loan EMIs

Live Mint  

As widely speculated, the Reserve Bank of India has hiked the repo rate for the sixth time in a row, by 25 bps to 6.50% with immediate effect. After the RBI's latest repo rate hike on February 8, banks are expected to raise interest rate in retail loans. So, it's of utmost importance for a common man to know how …

RBI hikes repo rate to 6.5%, real GDP growth at 6.4% for 2023-24
1 year, 10 months ago

RBI hikes repo rate to 6.5%, real GDP growth at 6.4% for 2023-24

Hindustan Times  

The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.5%, Governor Shaktikanta Das announced the decision of the monetary policy committee which was passed by a majority of 4 members of 6 members. The MPC also decided by a majority of 4 out of 6 to remain focussed on the withdrawal of accommodation …

RBI may take repo rate to 6.75% in 2023
2 years ago

RBI may take repo rate to 6.75% in 2023

Live Mint  

The Reserve Bank of India may hike the policy repo rate to 6.75% by next year due to core inflation still being elevated and the US Federal Reserve maintaining a hawkish stance with an outlook for further rate hikes. This means, there is room for at least another 50 bps hike in India's policy repo rate going forward. He added, …

Rate rate hike impact yet to be felt in real economy: 10 pointers from RBI mins
2 years ago

Rate rate hike impact yet to be felt in real economy: 10 pointers from RBI mins

Live Mint  

RBI's minutes of the meeting have been released on Wednesday for December 2022 monetary policy. Need for monetary policy tightening: As per MPC member Dr. Shashanka Bhide, with overall domestic growth showing signs of resilience, the adverse global macroeconomic conditions require that the domestic inflation rate is at moderate levels, within the tolerance band of the inflation target on a …

RBI repo rate hike: Should you pay higher EMIs or increase tenure to tackle increasing loan rates?
2 years ago

RBI repo rate hike: Should you pay higher EMIs or increase tenure to tackle increasing loan rates?

Firstpost  

You can shorten your loan tenure by prepaying your home loan as and when the funds are available with you The repo rate was hiked by the Reserve Bank of India on 7 December by 35 points to 6.25 percent. After the rise in repo rate, the cost of loan for both existing and new home loan borrowers will increase …

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs
2 years ago

RBI repo rate hike: Tips for home loan borrowers to deal with higher EMIs

Firstpost  

If you took a home loan at 6.75 per cent interest a few months ago, then the same loan will be available at an interest rate of 9 per cent In order to contain inflation, the Reserve Bank of India has been hiking the repo rate since May. The latest rise in repo rate will cause higher Equated Monthly Installments …

RBI raises repo rate by 35bps to 6.25%, highest since March 2019
2 years ago

RBI raises repo rate by 35bps to 6.25%, highest since March 2019

Hindustan Times  

Loans and mortgages will get more expensive with the Reserve Bank of India’s Monetary Policy Committee announcing a fifth consecutive interest rate hike on Wednesday, of 0.35 percentage points, taking the policy rate to 6.25%, the highest since March 2019. RBI has taken up the policy rate by 2.25 percentage points since May, and the tone and tenor of its …

RBI Restores Bond Market Timings; What Investors Should Know
2 years ago

RBI Restores Bond Market Timings; What Investors Should Know

News 18  

Reserve Bank of India Governor Shaktikanta Das, while reading out decisions taken by the rate-setting panel on monetary policy announced that the RBI in its move towards normal liquidity operations on Wednesday decided to restore market hours – from 9.00 am to 5.00 pm – in respect of call/notice/term money, commercial paper, certificates of deposit, and repo in corporate bond …

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do
2 years ago

Home Loan, Car Loan EMIs to Increase as RBI Hikes Repo Rate by 35 bps; What Should Borrowers Do

News 18  

RBI MPC Meeting December 2022: The Reserve Bank of India has increased the repo rate by 35 basis points to 6.25 per cent in its December Monetary Policy Committee meeting. Atul Monga, CEO and co-founder of BASIC Home Loan, said: “An increase in interest rates will be felt especially by the new borrowers, existing borrowers will not usually be affected …

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 …

RBI likely to moderate interest hike: Experts
2 years ago

RBI likely to moderate interest hike: Experts

The Hindu  

After three back-to-back 50 basis points hike in interest rates, the Reserve Bank may opt for a lower rate increase of 25-35 bps in lending rates at its coming monetary policy review on Wednesday amid retail inflation showing signs of moderation and the need to push growth, according to experts. The Reserve Bank since May has increased the repo or …

If not 50 bps, then by how much RBI should hike repo rate in Dec policy meet?
2 years ago

If not 50 bps, then by how much RBI should hike repo rate in Dec policy meet?

Live Mint  

RBI is an inflation trajectory central bank and its policy outcomes surround the performance of the consumer price index. Since May this year, RBI has hiked the repo rate by a whopping 190 basis points, all done for taming a stubbornly multi-year high inflation. In its latest November 2022 bulletin, RBI said, "With headline inflation beginning to show signs of …

DC Edit | Relief from inflation unlikely
2 years, 2 months ago

DC Edit | Relief from inflation unlikely

Deccan Chronicle  

As expected, RBI governor Shaktikanta Das-led Monetary Policy Committee hiked the repo rate by 50 basis points to 5.90 per cent to cool down inflation which remains above the comfort level of the central bank. The four rate hikes cumulatively increased the repo rate — the rate at which RBI lends money to banks — to 5.90 per cent from …

RBI MPC Highlights: RBI Raises Repo Rate by 50 bps; Markets Cheer Move
2 years, 2 months ago

RBI MPC Highlights: RBI Raises Repo Rate by 50 bps; Markets Cheer Move

News 18  

RBI Monetary Policy 2022 Live Updates: The Reserve Bank of India on September 30 announced a 50 basis points hike in the repo rate stepping up its fight against persistently high inflation. That would take the repo rate, at which the RBI lends short-term funds to banks, to 5.90 per cent – the highest level since April 2019 – from …

RBI MPC: 50 Bps Rate Hike Will Make Home Loans Dearer Soon, Says Anarock
2 years, 2 months ago

RBI MPC: 50 Bps Rate Hike Will Make Home Loans Dearer Soon, Says Anarock

ABP News  

The Reserve Bank of India’s Monetary Policy Committee on Friday raised the repo rate by 50 basis points for the fourth time in a row. As commercial banks link their retail loans to repo rate, the hike in rates will increase interest rates, making home loans costlier. Anarock in a statement on Friday said that with this repo rate hike, …

RBI hikes repo rate by 50 basis points
2 years, 2 months ago

RBI hikes repo rate by 50 basis points

The Hindu  

The Monetary Policy Committee of the Reserve Bank of India on September 30, 2022, increased the policy repo rate by 50 basis points to 5.9% making loans expensive. Announcing the monetary policy RBI governor Shaktikanta Das while explaining the rationale behind the rate hike said the MPC was of the view that persistence of high inflation necessitates further calibrated withdrawal …

Will RBI slow down the pace of repo rate hikes ahead?
2 years, 4 months ago

Will RBI slow down the pace of repo rate hikes ahead?

Live Mint  

The Reserve Bank of India is likely to slow down the pace of the hiking policy repo rate going forward. Further, the Germany-based bank's note stated that "with RBI having delivered significant front-loaded rate hikes thus far, we think the central bank can now resort to hiking rates in clips of 0.25%, particularly if the Fed reduces its pace of …

Narendra Modi and Indian economy: What do the hard facts on repo rate, credit policy, inflation, EMIs say
2 years, 4 months ago

Narendra Modi and Indian economy: What do the hard facts on repo rate, credit policy, inflation, EMIs say

Firstpost  

The Repo rate, the rate at which RBI lends money to commercial banks, was hiked by 0.5 per cent or 50 basis points to 5.4 per cent on 5 August 2022. While the RBI expects the CPI to fall to 5 per cent only by the June 2023 quarter, there is good reason to believe India could see inflation tapering …

The buyer may wait a little longer
2 years, 4 months ago

The buyer may wait a little longer

The Hindu  

The RBI has increased repo rate by 50 bps, the third consecutive rate hike in the last two months, thus signaling an end to the all-time low-interest rates regime. On the other hand, while real estate market faces an imminent trickle-down effect of the repo rate, it is equally important that the economy continues to grow in a stable and …

Home Loan EMIs to Increase as RBI Hikes Repo Rate; Know How Much you Have to Shell Out
2 years, 4 months ago

Home Loan EMIs to Increase as RBI Hikes Repo Rate; Know How Much you Have to Shell Out

News 18  

The Reserve Bank of India has increased the repo rate by 50 basis points to 5.4 per cent on August 5. India’s central bank has also remained focused on withdrawal of accommodative stance to maintain inflation within the target while supporting growth.”RBI’s decision to raise the repo rate is in response to the headwinds being faced by Indian economy including …

How loan EMIs, bank FDs could be impacted by RBI’s interest rate hike
2 years, 4 months ago

How loan EMIs, bank FDs could be impacted by RBI’s interest rate hike

Live Mint  

The Reserve Bank of India today raised repo rate by 50 bps to 5.40 per cent, thus reaching to pre-Covid levels. However, they said that RBI rate hike may become a costly affair for new loan borrowers and existing Repo Rate-linked long-term retail loans. Speaking on how one's retail loan's EMIs and bank fixed deposits will be impacted from this …

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