Reserve Bank of India policy: Home, auto loan EMIs to go up info

Reserve Bank of India policy: Home, auto loan EMIs to go up at internet Business blog. All loans are set being costlier, with the Reserve Bank today hiking the key rate of interest for the 12th time since March, 2010, by twenty five basis points to rein in high inflation.With the current decision, the short-term lending (or repo) rate at which banks borrow in the RBI stands increased to 8. 25% and the short-term borrowing (reverse repo) rate where banks park their funds with the RBI to 7.

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