RBI Hikes Key Interest Rates Again, Bad News for Loan Borrowers
New Delhi: The Reserve Bank of India (RBI) on Wednesday increased the benchmark lending rate by 50 basis points (bps) to 4.90 percent to contain inflation. The benchmark lending rate has remained stubbornly above the target of 6 percent for the last three months. Repo is the rate at which the Reserve Bank of India lends funds […]