RBI again increased the repo rate by 50 basis points, home, and car loans will be expensive


Posted on 8th Jun 2022 10:54 am by rohit kumar

RBI Governor Shaktikanta Das announced an increase of 50 basis points in the repo rate on Wednesday. This can give a big blow to the bank customers, as soon banks can increase the EMI of home loans, personal loans, and car loans. RBI Governor informed that the Monetary Policy Committee of the central bank has unanimously voted to increase the repo rate by 50 basis points. Now this rate has become 4.90 percent.

 

Repo rate hiked for the second time in 5 weeks

 

The Reserve Bank of India (RBI) has changed the repo rate for the second time in 5 weeks after the three-day meeting of the Monetary Policy Committee on June 8. Let us tell you that last month on May 4, 2002, RBI suddenly announced an increase of 0.40 basis points in the repo rate. The same RBI has increased the repo rate by 50 basis points after 5 weeks, today i.e. on June 8, 2022. The Repo rate has been changed.

 

Also Read: Bitcoin Price India INR: The trend of decline in bitcoin continues, the price reached here after breaking 55 thousand rupees

1 Like 0 Dislike
Previous news Next news
Other news

Sushant Singh Rajput: CBI got important evidence in Sushant's case! Big disclosure of Deputy CM Devendra Fadnavis

Sushant Singh Rajput had a huge fan following in Bollywood. On June 14, 2020, Sushant's body was

Alia's relationship with Ranbir Kapoor started: Said - Our love started with flight, everything else is history

Alia Bhatt recently talked about the beginning of her relationship with Ranbir Kapoor. Alia appea

Dinesh Gunawardene became the new Prime Minister of Sri Lanka: President Ranil's classmate, both now have the burden of getting the country out of the economic crisis

Dinesh Gunawardene has become the new Prime Minister of Sri Lanka. President Ranil Wickremesinghe

RG Kar Case: Angry doctors' protest continues; CBI conducted medical examination of Sandeep Ghosh and three others late at night

Doctors' protest against the brutality of a 31-year-old female doctor at RG Kar College-Hospital

INDIA: Nitish objected to the opposition alliance being named 'India'! Know the reason behind this

Sources are being quoted as saying that Bihar Chief Minister Nitish Kumar is not happy with the n

Gadar 2: After Gadar 2, will Tara Singh's hammer work in Gadar 3 as well? Sunny Deol's answer increased the restlessness of the fans

Actor Sunny Deol, who got his two and a half kilos of iron in Bollywood, is making a lot of headl

R Ashwin Retires: After retirement from IPL, Ashwin can be seen playing in this foreign league, as revealed in the report

Former Indian spinner Ravichandran Ashwin surprised everyone by announcing his retirement from th

IND vs ENG: 'I have 35 balls', why did Ashwin say this to Kuldeep who took five wickets? Know the whole matter

Chinaman spinner Kuldeep Yadav's confidence has increased after getting a regular place in the pl

Dengue In UP: Dengue becomes uncontrollable in UP, and platelets decreasing after recovery, so far more than nine thousand cases

Dengue Case in UP Like the coronavirus, this time too the changed form of dengue is becoming a th

Earthquake in Taiwan: A strong earthquake caused devastation in Taiwan, many buildings tilted; A Tsunami warning issued

Strong earthquake tremors were felt in Taiwan on Wednesday morning. This earthquake was so strong

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash