home loan repo rate

The decision of the six-member rate setting panel was announced by the Governor. For people who have taken loans or who are planning to take, expect an increase in their EMIs to accommodate the rate hike. The RBI’s…

The interest rate on home loans is expected to increase as the Reserve Bank of India on Wednesday announced an increase of repo rate by 25 basis points to 6.5 %.Repo rate is the rate at which the RBI lends money to commercial banks.Now,…