RBI hikes lending rate by 50 basis points to curb inflation; home loans, EMIs to get costlier - Shahpur Turk CSC - Common Service Centre in Sonipat RBI hikes lending rate by 50 basis points to curb inflation; home loans, EMIs to get costlier

07 August 2022

RBI hikes lending rate by 50 basis points to curb inflation; home loans, EMIs to get costlier

The Reserve Bank of India (RBI) on Friday raised the benchmark lending rate by 50 basis points to 5.40 per cent to tame inflation. With the latest hike, the repo rate or the short term lending rate at which banks borrow has crossed the pre-pandemic level of 5.15 per cent.

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