How are banks going to pass on the rate hike to customers
- RBI repo rate hike: Since banks link their lending rates with repo rates, so any change in repo rate will affect your loan EMIs
The Reserve Bank of India (RBI) raised its policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. This decision was taken after three-day-long sessions that concluded on December 7.
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