RBI has hiked the policy repo rate by 1.4% in the last three monetary policies, taking the rate to 5.4%. In a rate hike scenario, the cost of funds also rises for banks, and hence they pass on the impact to borrowers by raising their lending rates.
Home loans demand stable defying RBI rate hike trends, thanks to monsoon
livemint.com - 25 Aug 2022 18:42
RBI has hiked the policy repo rate by 1.4% in the last three monetary policies, taking the rate to 5.4%. In a rate hike scenario, the cost of funds also rises for banks, and hence they pass on the impact to borrowers by raising their lending rates.
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