RBI: Get ready, once again you will be shocked, RBI has made preparations!
The Reserve Bank of India had increased the repo rate last month, after which both the loan and your upcoming EMI had increased. In such a situation, you may get a shock once again and the reason is that RBI is thinking of increasing the repo rate once again.
If this happens then it is certain that the EMI of your bank will increase and its direct impact will be on your pocket. If the news is to be believed, the Reserve Bank may increase the interest rates in the meeting of the Monetary Policy Committee to be held next month.
Let us tell you that the retail inflation rate in the country remains above 6 percent. In such a situation, the Reserve Bank can also continue to increase the repo rate. The first meeting of the monetary policy for the financial year 2023-24 will start from April 3 and continue till April 6.