New Delhi/Ground Bureau — Political temperatures have soared following the Reserve Bank of India's decision to hike the repo rate, with the Congress party launching a sharp attack on the central government. The opposition party criticized Prime Minister Narendra Modi, stating that the havoc of inflation man Modi continues to affect the common people directly. The party argued that the hike will make home, car, and personal loans more expensive, severely disrupting household budgets.
Congress leaders alleged that government policies are increasing the hardships of citizens rather than providing relief. With essential commodity prices already soaring, higher interest rates are crushing middle-class and poor families. Meanwhile, political reactions have intensified, with the ruling party preparing its counter-strategy. Economic experts note that while the move aims to control liquidity and inflation, it directly impacts the spending capacity of common citizens.
