Monetary Policy: Announcement of monetary policy, repo rate increased by 0.50 percent, know the impact on you

Before the Reserve Bank announced its monetary policy today, RBI Governor Shaktikanta Das expressed concern over global inflation. After this, he announced to increase the repo rate by 0.50 percent. The repo rate has now increased from 4.90 to 5.40 percent. Das also said that the committee has taken this decision unanimously. Your loan EMI … Read more