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The Economic Times

Business / The Economic Times

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RBI policy rate hike to immediately pinch retail customers

The RBI has raised the repo rate by 25 basis points to 5.50%, its first hike since February 2023, which could make floating-rate home, car and personal loans more expensive. Borrowers on repo-linked loans may face higher EMIs or longer tenures at their next reset, while fixed-rate loans will remain unaffected.

7 Oct 2026 11:01 am