The citizens who take loans from banks will be affected by the hike if the lender decides to raise their benchmark lending rates Mumbai: All eyes were on the Monetary Policy Committee meeting which concluded on Wednesday. Like experts predicted, the rate hike slowed down to 35 bps in December...
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The citizens who take loans from banks will be affected by the hike if the lender decides to raise their benchmark lending rates Mumbai: All eyes were on the Monetary Policy Committee meeting which concluded on Wednesday. Like experts predicted, the rate hike slowed down to 35 bps in December...
The post appeared first on .
Bank linked their lending rates with repo rates on various term loans and this change in the repo rate will have an impact on the equated monthly instalment (EMIs) of citizens.
According to the statement of the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, said consequently, the standing deposit facility (SDF) rate stands adjusted to 6 per cent, and the marginal standing facility (MSF) rate and the bank rate to 6.50 per cent.
Mumbai (Maharashtra) [India], October 17 (ANI): The Reserve Bank of India has said that its monetary policy remains focussed on realigning inflation within the targeted band but the fight will be "dogged" and "prolonged".
The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Mumbai: The Reserve Bank of India (RBI)...
The post appeared first on .
The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Mumbai: The Reserve Bank of India (RBI)...
The post appeared first on .
Mumbai [India], September 30 (ANI): Reserve Bank of India's Governor Shaktikanta Das today announced the hike of the repo rate, the key lending rate, by 50 bps to 5.9 per cent. Explaining the rationale behind the policy, the governor said the bleak global economic outlook, persisting inflation at an alarmingly level and the aggressive policies of advanced economies are the reasons behind the rate hike.
Mumbai [India], September 30 (ANI): The Reserve Bank of India (RBI) on Friday hiked repo rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies.
Mumbai (Maharashtra) [India], August 22 (ANI): LIC Housing Finance Ltd, a leading housing finance company in India, on Monday announced 50 basis points increase in lending rates following the Reserve Bank of India's recent decision to hike policy repo rate.
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