Sunday, December 10, 2023

RBI hikes

RBI hikes repo rate;cuts FY23 GDP forecast

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday in a 5:1 decision increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation.The repo rate, also called the policy rate,...

EMIs to rise as RBI hikes interest rate again

Home, auto and other loan EMIs are set to rise further after RBI on Friday raised the key interest rate by 50 basis points, the third straight increase since May in an effort to cool stubbornly high inflation.The increase...

EMIs to rise as RBI hikes repo rate

Home, auto and other loan EMIs will rise after the Reserve Bank of India (RBI) on Wednesday raised the key interest rate by 50 basis points, the second increase in five weeks, to rein in a rise in prices...