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After 3.5 years, RBI hikes repo rate: How does it impact your EMIs? Explained

Why does a hike in repo rate hit your pocket? Does the repo rate hike mean an automatic increase in your loan EMIs? Is it better for you to opt for an EMI hike or an extension of your loan tenor? And how does this step from RBI help people looking to invest in fixed deposits? We decode:

Times of IndiaOctober 7, 20261 min read
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After 3.5 years, RBI hikes repo rate: How does it impact your EMIs? Explained

Why does a hike in repo rate hit your pocket? Does the repo rate hike mean an automatic increase in your loan EMIs? Is it better for you to opt for an EMI hike or an extension of your loan tenor? And how does this step from RBI help people looking to invest in fixed deposits? We decode:

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