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Anamika Verma

Financial Advisor | Posted | Share-Market-Finance

RBI Hikes Interest Rates - Home Loan EMIs to Go Up

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Financial Advisor | Posted

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 - Hike in the repo rate by 25 basis points
 - Consequent hike in lenders’ interest rates
 - Consider refinance options to lower interest outgo
 - Switch to the MCLR regime from base rate

The repo rate has been hiked by 25 basis points taking the current rate to 6.50%. For those uninitiated to finance, repo rate is the rate at which RBI lends money to other banks. Reverse repo i

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