This time, financial instability is increasing all over the world. In this situation, the central bank increased the repo rate to deal with inflation.
Mumbai : The Reserve Bank (RBI) increased the repo rate again. A 35 basis point hike in the repo rate was announced on Wednesday. RBI Governor Shaktikanta Das said, the Repo Rate increased to 6.25 percent. As a result, car or home loan EMIs are expected to increase. EMI of other loans may also increase.
Earlier, the repo rate was increased by 40 basis points in May. Later in June it again increased by 50 basis points. That is, the repo rate has been increasing continuously in the last few months. As a result, from businessmen to borrowers and common people, all have to face problems. The financial pressure is increasing on the aam admi to the price rise. Interest rates on home, car loans are rising steadily.
However, a section of the experts think that there is no other way to keep up with the international situation. Meanwhile, the price of rupee remains at 80 per dollar. As a result, the Center is under attack from the opposition. All in all, the center is increasing the loan interest repeatedly to secure its position.
This time, financial instability is increasing all over the world. In this situation, the central bank increased the repo rate to deal with inflation. The decision to increase this repo rate was taken in the meeting of the Monetary Policy Committee (MPC). It may be noted that the repo rate was increased by 50 basis points in September. As a result, the growth rate stood at 5.9 percent.
Post a Comment