RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive - Shahpur Turk CSC - Common Service Centre in Sonipat RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive

12 December 2022

RBI hikes lending rate by 35 bps to 6.25 pc; home, auto loans to be expensive

The Reserve Bank of India (RBI) on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months.

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