Aapki Khabar Aapka Fayda: RBI has given a big blow by increasing the repo rate, EMI burden will increase!
Zee Business Video Team | Updated: May 4, 2022 07:50 PM IST
Today Reserve Bank of India Governor Shaktikanta Das announced an increase in the repo rate. Repo rate has been increased by 0.40% by RBI. With this, the repo rate increased from 4 percent to 4.40%. Earlier, RBI last changed the repo rate on 22 May 2020. Home loan, car loan EMI will increase in the coming days due to increase in repo rate. Earlier, in the first monetary review meeting (MPC) of the current financial year, the repo rate was not changed for the 11th consecutive time by the RBI.
