RBI rate hike: The good, the bad and the worst

The Reserve Bank of India's (RBI's) annual credit policy has increased the repo rate by 50 basis points (bps), which will mean higher cost of borrowing for banks.

And, the brass at banks such as HDFC, ICICI and State Bank of India (SBI) have already made it clear that a large part of this raise will be passed on to customers.

A look at what the rate hikes means to us common folk:

Text: Business Standard

Images: Reuters/AP