News X : Raghuram Rajan disappoints common man, repo rate hiked by 25 points

NewsX 2019-03-01

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Get ready to shell more for EMIs as Raghuram Rajan has shocked India INC and commoners by increasing repo rate by 0.25%. The banks will increase EMIs and interest rate hikes in on the card. The move is being attributed to soaring inflation and curtailing CAD.

This announcement by the RBI is seen as a dampener ahead of the festive season, as the EMIs will go up. Already SBI has increased its interest rate marginally. However now the experts point that we are heading towards an expensive lackluster festival season.


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