Taking a big decision on Wednesday, the Reserve Bank of India (RBI) increased the policy interest rates, that is, now home-auto and personal loans will become expensive. Please note that these rates were unchanged from May 2020. Significantly, the MPC voted unanimously on the proposal to increase interest rates and after this, Reserve Bank Governor Shaktikanta Das issued an order to increase the policy repo rates by 40 basis points with immediate effect. Das said that this decision is being taken due to the risk and increasing volatility in the commodities and financial markets.
After this hike, the fixed repo rates at four percent for a long time have increased to 4.40 percent. It is worth noting that this increase in repo rates has come as a big blow to the customers taking loans. In fact, after increasing the rates, now home, auto, and parcel loans will become expensive and the EMI burden will increase.
Significantly, in April, inflation exceeded the Reserve Bank of India's forecast. Let us inform here that the quick effect of RBI's decision to increase policy rates has been seen on the stock markets and the stock market, which is already trading with a decline, has fallen by filling it. The BSE broke 1000 points and reached below 56 thousand. At present, has slipped 1070 points to the level of 55,864.
Pakistan is completely upset due to the no-tolerance policy of the Modi government against terror
The date of the oath-taking ceremony of Telugu Desam Party chief Chandrababu Naidu as the Chief M
Bollywood superstar Salman Khan is constantly in the headlines these days. The police are continu
Israel-Hamas War: More than 195 people died in Israeli attacks on refugee camps, Hamas informed
The war between Israel and Hamas is continuously increasing. Many people have died so far during
Once again a change in the weather can be seen in the country. Monsoon has returned in most parts
RBSE 12th Result: RBSE will release 12th results on this day, know easy way to see board results
RBSE 12th Result 2022: Students who appeared in class 10th and 12th board examinations this year
While sentencing Mafia Mukhtar Ansari and his elder brother MP Afzal Ansari after being found gui
The world's largest religious-cultural gathering Maha Kumbh 2025 has started in Prayagraj from Mo
Prime Minister Narendra Modi addressed a joint session of the Parliament of Trinidad and Tobago o
Russian school shooting kills 13; The attacker shot himself
At least 13 people have been killed and more than 20 injured in a shooting at a Russian school. I
