New Delhi [India], December 10 (ANI/NewsVoir): RBI has announced a hike in Repo rates for the fifth consecutive time. The difference this time accounts for 35 bps, leading the interest rate from 5.90 to 6.25. RBI has been announcing minimum possible increases in repo rate for the last few months in order to curb the inflation that the country is facing due to global trends. The reasons for increasing rates are the war at trade routes, global recession, increasing prices of raw material costs and various other factors that lead to a direct and indirect hike in prices. Though this hike will impact the home loan interest rates to score higher, the real estate market is expected to stay robust as the sector is believed to offer prominent returns on investment as compared to other industries.
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