The Reserve Bank of India on Wednesday announced a hike in interest rate by 25 bps to 6.5% citing sluggish core inflation. The increase in the repo rate is expected to further increase home, car loan and EMIs.
The Reserve Bank of India on Wednesday announced a hike in interest rate by 25 bps to 6.5% citing sluggish core inflation. The increase in the repo rate is expected to further increase home, car loan and EMIs.