Your fixed deposits may give higher returns after RBI hikes repo rate
Your equated monthly instalments (EMIs) may go up marginally after the Reserve Bank of India (RBI) hiked the rate at which it lends to banks fearing that inflation would choke growth in the economy. However, the central bank maintained a neutral stance which means that there is a low possibility of another hike when it unveils its next policy on October 3, 2018.
Your equated monthly instalments (EMIs) may go up marginally after the Reserve Bank of India (RBI) hiked the rate. Image source: Official website