After 3.5 years, RBI hikes repo rate: How does it impact your EMIs & loan interest payout? Explained
Does the repo rate hike mean an automatic increase in your loan EMIs? The Reserve Bank of India has announced a repo rate hike to keep inflation under check. But already faced with higher costs of daily essentials, Indian households have to now contend with paying higher EMIs for their loans.The US-Iran war has fed…