Loans for individual and business borrowers will inch up in the coming months with the Reserve Bank of India’s monetary policy committee voting in favour of a 25-basis point rate hike (100bps=1%). The RBI on Wednesday raised its repo rate to 6.5% — the second increase in two months after consumer inflation remained stubbornly above 4% — the target mandated by the government.
Loans for individual and business borrowers will inch up in the coming months with the Reserve Bank of India’s monetary policy committee voting in favour of a 25-basis point rate hike (100bps=1%). The RBI on Wednesday raised its repo rate to 6.5% — the second increase in two months after consumer inflation remained stubbornly above 4% — the target mandated by the government.
417.jpeg)
10.jpeg)
40.jpeg)
100.jpeg)
416.jpeg)
5.jpeg)
4.jpeg)
6.jpeg)
5.jpeg)
