increased repo rates
RBI Hikes Repo Rates, Realty Sector Gets Affected
The Reserve Bank of India (RBI) increased the repo rates by 25 base points (bps) to 8% in order to curtail inflation. ‘Repo rates‘ are essentially the rates at which banks borrow short-term money from RBI. With the increase in interest rates for borrowing money, there are chances that home, vehicle and other loans become […]
