RBI Credit Policy, RBI, REPO Rate, Credit Policy, RBI Credit Policy June 2011, Loan Interests Hike | Hyderabad - YReach.com

Adding to dreaded inflation that has seen a sharp rise since the last fiscal, the RBI has raided benchmark rates by 25 basis points to 7.50 percent, and reverse repo rates by 25 bps to 6.50 per cent. This was apart from other hikes including Home Loan and Auto Loan rates. The mid-quarterly policy initiatives, the RBI said, are expected to contain inflation, which is currently over 9%, but it sounds more risky to handle. Retail lending rates are bound to follow the policy rates which means a higher EMI on their Home and Auto Loans...Read More>>>