RBI increases Repo Rate – What Does This Mean for Loan EMIs?

  • The Reserve Bank of India (RBI) has increased the policy repo rate by 25 basis points to 6.5%.
  • This is the first Monetary Policy statement of 2023.
  • Since May 2022, the repo rate has increased by a total of 250 basis points.
  • This rate hike will have an impact on loan EMIs.