Repo rate hiked by 25 bps to 5.50 pc: Why RBI has hiked interest rates; EMIs set to rise
The Reserve Bank of India (RBI) raised its policy repo rate by 25 basis points to 5.50 percent, the first increase since February 2023. This shift to 'calibrated tightening' reflects concerns over inflation and global interest rates. As a result, borrowing costs are expected to rise, impacting home and personal loans, while deposit rates may also improve.