RBI increased repo rate, interest rate increased from 5.25% to 5.50%; Loans can be expensive

New Delhi, 7 October. The Reserve Bank of India (RBI) on Wednesday announced an increase in the repo rate by 25 basis points. After this, the policy repo rate has increased from 5.25 percent to 5.50 percent. After the three-day meeting of the Monetary Policy Committee (MPC) chaired by RBI Governor Sanjay Malhotra (…)