RBI Raises Repo Rate to 5.5%, No Near-Term Rate Cuts: Governor Malhotra
The Reserve Bank of India (RBI) increased the repo rate to 5.5% as announced in the recent Monetary Policy Committee (MPC) meeting. Governor Sanjay Malhotra stated that rate cuts are unlikely in the near term. This move impacts loan interest rates and EMIs, affecting borrowers and homebuyers across India.
The Hindu·


