Sify.com » Topics » Increase key policy rates
Increase key policy rates News
After the latest RBI rate rise, expect your EMIs to increase
Customers need to brace themselves to pay much more on their home, auto and other loans. For the 10th consecutive time, the Reserve Bank of India (RBI) has increased key policy rates. The 25-basis-point rise will mean a higher cost of borrowing for banks, which will be passed on to customers. After the last rise in rates on May 3, a total of 45 banks raised their base rates by 25-100 basis points.
|
|
