The RBI has raised repo rates, which is the rate at which the central bank lends money to commercial banks. What does this mean for you & me? Essentially, it means that the banks are likely to pass on these interest rate hikes to the consumers - so, your home & car loans could get more expensive. The plus side is, that if you have investments in fixed deposits, you gain. But the biggest question from this RBI policy announcement was - that if inflation is cooling off, why did the central bank hint at possible further rate hikes? Latha Venkatesh explains!
#rbi #loans #emi
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