RBI hikes repo rate by 50 bps to 3-year high of 5.9% | RBI Governor Briefing | Shaktikanta Das

Home loan borrowers are likely to feel the heat of higher interest rates as the Reserve Bank of India (RBI) is widely expected to increase its key policy rate on September 30. If this happens, it will be the fourth repo rate hike in this financial year. To tame soaring inflation, the central bank of India has started raising interest rates from May 2022 after maintaining status quo on the key rates for two years. The cumulative repo rate hike between May and September till now amountsRead More