How the RBI's interest rate hike may affect loan EMIs and bank FDs

The Reserve Bank of India (RBI) raised the repo rate by 50 basis points to 5.40 percent today, returning it to pre-Covid levels.

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The RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC) raised the policy repo rate for the third time

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According to investment experts, the Indian central bank's decision will help keep inflation under control, and new bank depositors can expect a higher return on their money.

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