Repo rate hike by RBI to make home loans costlier: Experts ...Middle East

Home loans are set to become costlier after the Reserve Bank of India's (RBI) decision to hike the policy repo rate by 0.40 per cent, experts said. In a bid to control inflation, RBI has announced a change in the key lending rates. On Wednesday, the apex bank announced a hike by 40 basis points (bps) in the lending rate. Furthermore, RBI has also announced a rise in the amount of deposits that banks are required to maintain as cash reserve by 50 basis points to 4.5 per cent.

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