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

Other news

Weather: Heavy rain alert in Uttarakhand-Himachal and UP, forecast of 204.4 mm rainfall; keep an eye on the condition of the center

The difficulties of Himachal Pradesh and Uttarakhand, which are facing devastation due to heavy r

UAE: UAE Foreign Minister Sheikh Abdullah bin Zayed on a two-day visit to India, will hold important talks with Jaishankar

Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation of

Jawan: A barrage of records on Shah Rukh's 'Jawan', crosses the Rs 500 crore mark in 4 days, total collection will blow your mind

Jawan Collection Day 4 Worldwide: Atlee Kumar's Bollywood directorial film 'Jawan' has created ha

Jadeja will remain with Chennai Super Kings: Team management is not ready to release him, has to give a list of players retained by November 15

Ravindra Jadeja, who left the team in the middle of the IPL last year, will continue with the Che

Fight in IPL: 'I will grab your hair and hit you...', Abhishek-Digvesh fight in the middle of the ground, BCCI vice president enforces 'ceasefire'

In IPL 2025, a thrilling match was played between Lucknow Super Giants (LSG) and Sunrisers Hydera

Head of Delhi: The fight for rights will erupt again in Delhi, and there are chances of a confrontation

The fight for rights is going to intensify once again in Delhi. There may be a conflict between t

Why did the turnout fall in the Haryana Panchayat elections?: 16% less than last time; 3 big reasons including the Adampur by-election

In Haryana, the voter turnout for 'Gaon ki Sarkar' was only 70%. In the Panchayat elections held

Tahawwur Rana Extradited: What will happen to Tahawwur Rana in India, where will he be kept; What are the government's preparations, know.

Tahawwur Rana, who plotted the 2008 terror attacks on India's financial capital Mumbai, can reach

Joshimath: Amit Shah held a high-level meeting on the situation in Joshimath, including Nitin Gadkari.

Union Home Minister Amit Shah held a high-level meeting on Thursday regarding the situation in Jo

Uniform Civil Code: PM Modi raised the issue of UCC, then the opposition became aggressive, DMK said – first apply to Hindus

The Law Commission has sought views from common people and religious political organizations rega