The Reserve Bank of India has announced a 25 bps hike in policy repo rates. Home loans and vehicle loans linked to EBLR will turn costlier, impacting monthly household budgets across the country.
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RBI Hikes Repo Rate for First Time in 3.5 Years: Detailed Financial Impact on EMIs and Borrowers
The Reserve Bank of India Monetary Policy Committee has unexpectedly increased the policy repo rate for the first time in 3.5 years. Comprehensive investigative report by The FreeLance on EMI increases, housing loans, and macroeconomic implications.
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Business & Economy Desk, The Freelance
Economy, Financial Markets & Consumer Affairs Team••31
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