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Home, Car Loan EMIs May Get Costlier, RBI Could Hike Repo Rate In October Amid Rising Inflation

Home, Car Loan EMIs May Get Costlier, RBI Could Hike Repo Rate In October Amid Rising Inflation
Photo: Free Press Journal · view original

Mumbai: Home and car loan borrowers could face higher monthly payments as expectations grow that the Reserve Bank of India (RBI) may increase the repo rate in October. Rising crude oil prices, higher inflation and global uncertainty have increased the possibility of a rate hike. The RBI’s Monetar...

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