RBI Raises Repo Rate: Will Home Loan EMIs Rise? | Inflation & Interest Rates Explained | Oil Prices

Описание: The Reserve Bank of India (RBI) has raised the repo rate by 25 basis points to 5.5%, marking its first rate increase in nearly four years. The RBI Monetary Policy Committee has also shifted its policy stance from “neutral” to “calibrated tightening”, signalling that further interest-rate hikes remain possible depending on inflation, economic growth and the broader outlook. Inflation has become a growing concern. Consumer inflation rose to 4.82% in August, remaining above the RBI’s 4% medium-term target for the third consecutive month. The central bank has raised its inflation forecast for the financial year to 5.2%, while its core-inflation forecast has increased to 4.4%. Higher oil prices, food-price pressures, weather risks, geopolitical uncertainty and potential supply disruptions are adding to inflation concerns. At the same time, India's economy remains strong. The RBI has raised its GDP growth forecast to 7.1%, while April-June growth was reported at 7.8%. So what does the RBI repo rate hike mean for ordinary Indians?
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