#Fixed Deposits

RBI Rate Shock: PIMCO Warns 75 bps Hike Will Crush Your EMI!

Global investment firm PIMCO warns the RBI is gearing up for another 75 basis points in repo rate hikes. With retail inflation surging and the rupee tumbling to a record low of 96.96, here is why your home loan EMIs are about to skyrocket.

RBI Repo Rate Unchanged at 5.25%: What It Means for Your EMI, FD and the Economy

August 5, RBI Governor Sanjay Malhotra said all six members voted to maintain the existing rate. The committee also retained its “neutral” monetary policy stance.