RBI Repo Rate Hike: Home, Car Loans to Get Costlier | EMI Burden to Rise | Odia News

RBI Repo Rate Hike: Home, Car Loans to Get Costlier | EMI Burden to Rise The Reserve Bank of India has raised the repo rate by 25 basis points, from 5.25% to 5.50%, amid concerns over inflation and rising economic pressures. The rate hike could increase borrowing costs for banks and potentially make home loans, car loans and personal loans more expensive for consumers. Higher interest rates may also push up monthly EMIs, creating additional financial pressure for middle-class households ahead of the festive season. Rising crude oil prices and a weakening rupee have also added to the economic concerns. #RBI #RepoRate #RepoRateHike #HomeLoan #CarLoan #EMI #InterestRates #Inflation #RBIUpdate #IndiaEconomy #FinancialNews #LoanRates #News18Odia Welcome to News18 Odia, your go-to destination for the latest news and updates from across India and beyond. As one of Odishas premier news channels, we strive to keep you informed with live coverage and breaking news as it happens. News18 ଓଡ଼ିଆ ହେଉଛି ଓଡି଼ଶାର ଅଗ୍ରଣୀ ନ୍ୟୁଜ ଚ୍ୟାନେଲ ଭିତରୁ ଗୋଟିଏ । ଓଡି଼ଶାର ସବୁ ଗୁରୁତ୍ବପୂର୍ଣ୍ଣ ଖବର ଆପଣ ଏହି ଚ୍ୟାନେଲ ମାଧ୍ୟମରେ ପାଇପାରିବେ । Download our News18 Mobile App - https://onelink.to/desc-youtube Please visit our website https://bit.ly/2YaikeJ for the latest opinions and detailed news coverage. Follow us on Facebook:   / news18odia   Twitter: https://twitter.com/news18odia?lang=en Website: https://bit.ly/2YaikeJ Subscribe to our channel to get the latest news and updates https://tinyurl.com/y46bt2fm Follow Every Breaking Story LIVE 🔴 Watch News18 LIVE 24x7: https://youtube.com/live/P03Ozb37nxI ID_OD_DA