Repo Rate Hiked By 25 BPS: How Much Will Your Home Loan EMIs Increase
Reserve Bank of India (RBI) hiked the repo rate by 25 basis points (bps) on February 8, 2023. This is the sixth time that RBI has hiked the interest rate since May 2022, taking the total quantum of the hike to 250 bps mostly driven by external factors, such as Russia-Ukraine war.