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RBI Monetary Policy Committee Meeting Ends Today, Rate Hike Expected Tomorrow: How To Structure Your Home Loans For An Adverse Scenario

It s widely believed that the RBI will resort to a smaller 25 basis points (bps) rate hike in the current monetary policy revision. After the last revision that happened in February this year, the repo rate has increased to 6.25 per cent. The continuous rise in the interest rates has led to higher EMIs for home loan buyers hugely impacting the housing segment. aaa

If RBI hikes rate by 25 bps, home loan interest rates may hit all-time high

As per RBI s latest data, the weighted average lending rate (WALR) on fresh rupee loans of SCBs increased by 24 basis points (bps) from 9% in January 2023 to 9.24% in February 2023. While WALR on outstanding rupee loans of SCBs increased by 9 bps from 9.58% in January to 9.67% in February.

How RBI repo rate hike may impact fixed deposit, loan & real estate industries?

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