BusinessRBI Raises Repo Rate, Inflation Expected to Rise
The Reserve Bank of India (RBI) has increased the repo rate for the first time in four years to control rising inflation. This hike will lead to higher EMIs on home loans, especially for loans of 20, 30, and 50 lakh rupees. The RBI also raised its GDP growth forecast to 7.1%. The decision comes ahead of the festival season, impacting borrowing costs.
BBC·




