Connect with us

RBI increases repo rate by 25bps

RBI increases repo rate by 25bps

The Reserve Bank of India's monetary policy committee has announced on Wednesday after the 3rd bi-monthly meet, that they have hiked the repo rate by 25 basis points to 6.50%. In June, central bank has also increased repo rate by 25 bps. The latest policy can cause higher EMI rates for car loan, home loan and other loans. There are other banks including SBI has increased interest rates on fixed deposits.

read more at Times Now

0 0 0 0 0
Loading...

Tags:

Most recent news of Miscellaneous