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The Times of India
The Times of India
Business
Payal Bhattacharya | TIMESOFINDIA.COM

EMIs set to rise as RBI hikes repo rate by 40 bps to 4.40%

RBI MPC Inflation Shaktikanta Das Monetary Policy Reserve Bank of India Economy New Delhi

NEW DELHI: In a surprise move, the Reserve Bank of India (RBI) on Wednesday hiked key repo rate by 40 basis points (bps) to 4.40 per cent amid rising inflationary pressures in the economy.

The move is expected to raise borrowing costs for corporates and individuals.

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