RBI hikes Repo rates by 50 basis points
As a result the EMIs for the loan will increase
Reserve Bank of India raised the repo rate 50 basis points to 5.40 percent to control inflation.
Home loan borrowers need to be careful about when they take out a loan after the rate hike by central bank
Standing Deposit Facility rate (SDF), was adjusted to 5.15 %
Marginal Standing Facility rate (MSF), were adjusted to 5.65 %
Bank rate to 5.65 %.