RBI Hikes Repo Rate By 25 BPS, EMIs, Bank FD Rates To Rise

Prices continue to be the main concern of the Reserve Bank of India as it today hiked repo rates for an unprecedented sixth time in 9 months. According to the central bank, inflation remains sticky which is a big problem. RBI also announced a GDP growth estimate for 2023-24 which is slightly lower than the estimate announced in the Economic Survey just 9 days ago.