RBI hikes repo rate to 5.50%, loan EMIs to rise

RBI hikes repo rate to 5.50%, loan EM在玩家中 to rise. The Reserve Bank of India increased the repo rate by 25 basis points to 5.50%, marking tighter monetary policy. This move is expected to trigger higher borrowing costs, impacting auto and home loan EMIs. Lending rates may rise across banks and NBFCs in the coming weeks.

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