Tag: RBI

This decision will mostly affect people with home or car loans from banks. Banks set their loan interest rates based on the repo rate, which affects how much you pay for your EMI (Equated Monthly Installment). Due to rising inflation in India, the Reserve Bank of India (RBI) has decided to keep the repo rate at 6.5% in its August review. This is the 9th time in a row that the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged. The last change to the repo rate...