RBI hikes repo rate by 25 bps: How will loans, EMIs, deposits, SIPs, investments be impacted?
The Reserve Bank of India (RBI) has increased the repo rate by 25 basis points (bps) to 5.50%, marking its first rate hike since February 2023. The move is expected to raise borrowing costs, with home-loan and other floating-rate borrowers likely to feel the impact through higher EMIs or longer loan tenures.
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