DC Edit | Repo rate hike unavoidable
2 years, 4 months ago

DC Edit | Repo rate hike unavoidable

Deccan Chronicle  

The Reserve Bank of India announcement today to hike lending rates by 50 basis points, the highest single hike since 2019, is in line with actions of central banks across the world, to tame the rising hungry beast of inflation. Since May this year, the RBI has undertaken a series of moves on the money supply side to handle inflation, which for the first time since Prime Minister Narendra Modi took charge in 2014, has been growing faster than the government would have liked. This hike to the repo rate, the rate at which the RBI would lend money to commercial banks, is the third in quick succession. Terming the hike by 50 points as a “new normal”, RBI governor Shaktikanta Das, who did not have too many luxuries or elbow space in scripting this new set of tweaks to the monetary policy, also retained an optimistic annual growth rate at 7.20 per cent.

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History of this topic

DC Edit | RBI still cautious, but cuts CRR
2 weeks, 3 days ago

DC Edit | RBI still cautious, but cuts CRR

Deccan Chronicle  

The RBI-led Monetary Policy Committee continued its cautious approach by keeping the repo rate unchanged for the 11th time. The central bank has also allowed small finance banks to extend credit lines through UPI, which typically target borrowers of small ticket size loans. Lower middle class, which is said to be badly hit by low wage growth, will benefit from …

RBI MPC: Homebuyers may have to wait till 2025 for EMI relief
2 weeks, 4 days ago

RBI MPC: Homebuyers may have to wait till 2025 for EMI relief

India Today  

The Reserve Bank of India has decided to keep the key repo rate unchanged at 6.5% during its latest monetary policy review, held on Friday. MPC is committed to restoring inflation-growth balance in the interest of the economy.” IMPACT ON HOME LOANS The unchanged repo rate means that banks are unlikely to make any changes to their lending rates. Dr …

RBI to Announce Interest Rate Decision Amid High Inflation
2 weeks, 4 days ago

RBI to Announce Interest Rate Decision Amid High Inflation

Deccan Chronicle  

The Reserve Bank on Friday morning will announce the decision on interest rate after the conclusion of the three-day monetary policy panel meeting, amid high inflation and weak GDP growth numbers.Experts are of the view that the central bank is likely to opt for status quo on the short-term lending rate, and will possibly tinker with cash reserve ratio keeping …

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry
2 weeks, 4 days ago

Stable interest rates to bring predictability for homebuyers and developers: Real Estate Industry

New Indian Express  

NEW DELHI: The real estate industry players and other stakeholders have largely welcomed the Reserve Bank of India's decision to maintain the repo rate at 6.5 per cent, adding that the stability in the policy rate will promote market confidence by giving developers and homeowners. On Friday, RBIs MPC decided to keep the repo rate unchanged at 6.5 per cent …

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?
2 weeks, 4 days ago

RBI MPC announcement: Will RBI Governor Shaktikanta Das cut key lending rates?

India Today  

The Reserve Bank of India’s Monetary Policy Committee is set to make key announcements on Friday after its three-day meeting today. Others suggest a "dovish hold," where the RBI signals a willingness to cut rates in the future while maintaining the current rate. "A rate cut is more likely at the February meeting, but the recent GDP miss might push …

RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector
4 months, 2 weeks ago

RBI Policy review: No impact on home loan EMIs as repo rate kept unchanged, sets positive tone for the realty sector

Hindustan Times  

The Reserve Bank of India’s decision to keep repo rates unchanged at 6.5% for ninth consecutive time aligns well with the August 7 announcement on indexation benefits on sale of property. With interest rates staying steady, EMIs will remain manageable for current and potential homeowners, potentially leading to increased home sales particularly in the price-sensitive affordable segment, said real estate …

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 …

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 Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales
8 months, 2 weeks ago

RBI Monetary Policy 2024: Stability in interest rates to benefit homebuyers; boost housing sales

Hindustan Times  

As expected, the Reserve Bank of India on April 5 once again kept the repo rate unchanged at 6.5 per cent. RBI MPC: Reserve Bank of India's decision to keep repo rates unchanged offers a sense of continuity and predictability to the real estate sector. It is also expected to significantly boost overall market sentiment, pushing residential sales in the …

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, …

DC Edit | RBI is right to be cautious
10 months, 2 weeks ago

DC Edit | RBI is right to be cautious

Deccan Chronicle  

A cautious Monetary Policy Committee has once again decided to keep the repo rate unchanged at 6.5 per cent in view of global uncertainty and moderately high inflation. With the projection of a decently high economic growth rate of seven per cent, RBI’s focus remains squarely on bringing down inflation to its target of four per cent. The rate cut …

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 …

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%
10 months, 2 weeks ago

Real estate sector welcomes RBI’s decision to keep repo rates unchanged at 6.5%

Hindustan Times  

The real estate sector has welcomed the Reserve Bank of India’s decision to keep the repo rates unchanged at 6.5%, saying given that housing prices have risen across most cities in the last one year, this breather by the apex bank gives a distinct advantage to homebuyers as it allows them to continue enjoying low interest rates and improves their …

RBI keeps repo rate unchanged at 6.5%
10 months, 2 weeks ago

RBI keeps repo rate unchanged at 6.5%

Deccan Chronicle  

The Monetary Policy Committee of the Reserve Bank of India in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time.The repo rate is the rate of interest at which RBI lends to other banks.Deliberating the policy statement on Friday morning after a three-day …

‘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 …

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 Holds Interest Rate Hike Again; Home Buyers Set To Get Relief
1 year, 6 months ago

RBI Holds Interest Rate Hike Again; Home Buyers Set To Get Relief

News 18  

RBI MPC June 2023: The Reserve Bank of India on Thursday again hit the pause button and decided to keep the key benchmark policy rate at 6.5%. The RBI MPC was expected by many to keep its benchmark repo rates unchanged in the backdrop of the prevalent scenario marked by continuing volatility in global commodity prices, financial markets and supply …

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 …

MPC members caution against over-tightening
1 year, 8 months ago

MPC members caution against over-tightening

Live Mint  

Mumbai: Members of the Reserve Bank of India’s monetary policy committee have cautioned against excessive tightening of interest rates, warning that it could lead to an unexpectedly sharp slowdown in economic growth and may prompt a sudden reversal in rate action. However, policymakers must be vigilant against overshooting the terminal policy rate, thereby slowing the economy to a greater extent …

RBI to keep interest rates unchanged through year-end: Poll
1 year, 8 months ago

RBI to keep interest rates unchanged through year-end: Poll

Hindustan Times  

The Reserve Bank of India will likely keep interest rates unchanged at least until the end of this fiscal year as it evaluates the delayed impact of previous hikes on economic growth and high inflation, a Reuters poll of economists showed. Reserve Bank of India Last week, the central bank surprised nearly every analyst by leaving the repo rate unchanged …

Middle class bears brunt of rise in EMIs
1 year, 8 months ago

Middle class bears brunt of rise in EMIs

Deccan Chronicle  

HYDERABAD: The middle class heaved a sigh of relief as the Monetary Policy Committee of Reserve Bank of India on Thursday left the repo rate — the interest rate at which it lends money to banks — unchanged, but they still have a hefty interest on their loans. A 2.5 per cent rise in repo rate, which translates into a …

DC Edit | Sweet relief for borrowers
1 year, 8 months ago

DC Edit | Sweet relief for borrowers

Deccan Chronicle  

The Reserve Bank of India-led Monetary Policy Committee sprang a surprise on people by pausing the expected repo rate hike. The MPC had increased the repo rate — the interest rate that RBI charges to lend money to banks — by 250 basis points in six sessions over the last one year — which increased the rate from four per …

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 …

Why RBI made a surprise pitstop in rate hike cycle
1 year, 8 months ago

Why RBI made a surprise pitstop in rate hike cycle

India Today  

Just a few days after major central banks around the globe hiked interest rates to rein in rising inflation, the Reserve Bank of India sprang a surprise and decided to keep the key repo rate unchanged. All six members of RBI's Monetary Policy Committee voted to keep the repo rate unchanged at 6.50 per cent, breaking the cycle of six …

Inflation may force RBI to hike rate once again
1 year, 8 months ago

Inflation may force RBI to hike rate once again

Deccan Chronicle  

Mumbai: It will be a catch-22 situation for India’s rate setting panel when it meets for three days — beginning on Monday — to decide on the benchmark interest rates in the country. According to economists, the six-member Monetary Policy Committee of the Reserve Bank of India may hike the repo rate by 25 basis points on Thursday and then …

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 hikes repo rate by 25 basis points to 6.5%
1 year, 10 months ago

RBI hikes repo rate by 25 basis points to 6.5%

Deccan Chronicle  

Mumbai: The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. "Policy rate at 6.5 per cent still trails the pre-pandemic level," Das said, adding that core inflation will remain sticky. RBI projects economic growth at 6.4 pc for next fiscal The RBI projected India's economic growth to …

Reserve Bank of India raises repo rate by 25 basis points to 6.5%
1 year, 10 months ago

Reserve Bank of India raises repo rate by 25 basis points to 6.5%

Live Mint  

The Reserve Bank of India's key repo rate was raised by 25 basis points on Wednesday as widely expected, the sixth straight increase, as core inflation remained high despite signs retail inflation has peaked. Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee by a majority decided to raise the policy repo rate by 25 …

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 …

From repo rate hike to growth outlook: Key takeaways from RBI's monetary policy review
1 year, 10 months ago

From repo rate hike to growth outlook: Key takeaways from RBI's monetary policy review

India Today  

The Reserve Bank of India on Wednesday hiked the key repo rate by 25 basis points to 6.5 per cent as expected, but indicated that it could go for further tightening if core inflation continues to remain high. RBI Governor Shaktikanta Das said, “Based on an assessment of the macroeconomic situation and its outlook, the MPC decided by a majority …

Home, car loan EMIs set to rise again as RBI hikes interest rate by 25 BPS to 6.5%
1 year, 10 months ago

Home, car loan EMIs set to rise again as RBI hikes interest rate by 25 BPS to 6.5%

India TV News  

RBI interest rate: The Reserve Bank of India, on Wednesday, announced to hike the interest rate by 25 BPS to 6.5%, citing sluggish core inflation. RBI Governor Shaktikanta Das, who also announced the bi-monthly monetary policy, said that the Monetary Policy Committee unanimously resolved to hike the policy repo rate by 25 basis points and keep a "strong surveillance" on …

RBI commences Monetary Policy Committee meeting amid expectations of lower rate hike
1 year, 10 months ago

RBI commences Monetary Policy Committee meeting amid expectations of lower rate hike

India TV News  

RBI Governor Shaktikanta Das-headed Monetary Policy Committee started its three-day meeting on Monday. This is amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year. With retail inflation remaining below the Reserve Bank of India's 6 per cent upper tolerance level, and projected slowdown in GDP …

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 policymakers want to see decisive inflation decline before policy shift
2 years ago

RBI policymakers want to see decisive inflation decline before policy shift

Live Mint  

The Reserve Bank of India's Monetary Policy Committee needs to see a decisive decline in inflation over a series of monthly readings before it shifts stance, which would otherwise be premature, deputy governor Michael Patra said on Wednesday while voting along with five other members of the MPC for raising the key lending rate by 35 basis points earlier this …

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 …

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

Deccan Chronicle  

MUMBAI: The RBI on Wednesday expectedly slowed the pace of increase in borrowing costs in signs that rates may be nearing the peak, even as it reiterated its resolve to fight inflation that has stayed above the comfort zone for 10 straight months. The monetary policy committee, comprising three members from the RBI and three external members, raised the key …

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 hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive
2 years ago

RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive

India TV News  

The Reserve Bank of India on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. The Consumer Price Index based …

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