Will your EMI increase again? Jagran Business- Watch Video

Your financial load will soon get worse. Your EMI can go up. Your personal loan, home loan, and auto loan interest rates can also go up. This is being said because the Reserve Bank of India's monetary policy meeting has already begun. This meeting, which lasted three days, is currently in its second day. Tomorrow, a choice can be made in this matter.

In order to reduce inflation, the RBI may raise the repo rate in the first quarter of April. This time, forecasts indicate that RBI may rise by 0.25 percent once more. The RBI may also make this choice in light of the fact that retail inflation is still over the desired level of 6% and that numerous central banks, notably the US Fed Reserve, have raised their repo rates.

Interest Rate Increased by RBI

Let us tell you, RBI has been increasing interest rates continuously since May 2022 last year. That's why speculations are being made that this time too there may be a rate hike after the meeting. This meeting, which will last for three days, will end tomorrow i.e. on 6th April with the decision.