RBI may hike repo rate by 25 bps in October, your EMIs could get costlier
- SBI Research predicts the RBI will raise the benchmark interest rate by 25 basis points this month.
- The RBI's Monetary Policy Committee is scheduled to meet from October 5 to 7, 2026, to discuss potential hikes.
- A rate increase could affect floating-rate loans and thereby impacting monthly EMIs of Home loans and Vehicle loans.
- Global markets have responded similarly after crude hit 100$ and supply disruptions caused by ongoing war.
Source: livemint.com
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