New Delhi/Ground Bureau — The Reserve Bank of India (RBI) has hiked the repo rate by 25 basis points to 5.5 percent in a major move to control inflation. This is the first hike in interest rates since 2023, directly impacting retail borrowers across the country. Home loans, auto loans, and personal loans are set to become expensive, increasing the monthly EMI burden for millions of households.
Real estate experts and financial analysts note that the rate hike will slow down property buying momentum as monthly installments go up. While borrowers face higher costs, depositors might see a corresponding increase in fixed deposit interest rates. Commercial banks are expected to transmit the rate hike to consumers in the coming weeks, altering household budgets nationwide.
