India TV

Another rate hike expected, RBI likely to raise repo rate by 25 bps in December: Report

The Reserve Bank of India (RBI) may decide to raise the repo rate again in December. However, this time, interest rates are likely to rise by 25 bps instead of the sharper 50 basis points (bps), according to a recent SBI Research report. If so, banks may change loan interest rates, which could affect your EMI. The report added that there is a 50 per cent probability the terminal repo rate could be scaled down from 6 per cent to 5.75 per cent.