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The Times of India
The Times of India
Business
TNN

‘Worst of inflation over’: RBI moderates rate hike to 35bps

RBI Shaktikanta Das Inflation Reserve Bank of India Interest Rates Jayanth Varma India MPC Mumbai

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Wednesday increased key interest rates by 35 basis points, taking the total increase in rates since May to 225 basis points.

While lenders said this would not hurt demand for new loans, those who borrowed when interest rates were at rock bottom in April 2022 may feel the pain as lenders may ask for an increase in EMI to ensure that monthly payments cover the interest outgo.

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