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

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Repo rate hike by RBI to make home loans costlier: Experts
source : Devdiscourse ( Middle East ) () 23
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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