EMIs set to go up as RBI hikes rates to curb price rise

Mumbai: Home loan EMIs are set to go on a rise, with Reserve Bank of India governor Shaktikanta Das announcing an increase of 50 basis points (half a percentage point) in the repo rate- the second hike in just over a month's period. The RBI's six-member monetary policy committee voted unanimously on Wednesday to raise the repo rate to 4.9% in a bid to tame inflation.

EMIs set to go up as RBI hikes rates to curb price rise
Mumbai: Home loan EMIs are set to go on a rise, with Reserve Bank of India governor Shaktikanta Das announcing an increase of 50 basis points (half a percentage point) in the repo rate- the second hike in just over a month's period. The RBI's six-member monetary policy committee voted unanimously on Wednesday to raise the repo rate to 4.9% in a bid to tame inflation.