RBI Rate Hike: Home Loan EMIs Could Rise by ₹817 Monthly

The Reserve Bank of India just cranked up the repo rate to 5.5%! This means home loan EMIs could jump by ₹817, making borrowers sweat a little. But savers, rejoice! Fresh fixed deposits might start paying more. Looks like the days of cheap loans are behind us, folks!

Quick rundown

1.RBI raises repo rate by 25 basis points to 5.5%.

2.Borrowers face higher EMIs or longer repayment periods.

3.Savers may see better returns on new fixed deposits.

4.Home loan rates may not increase directly with repo rate.

5.Gold market remains volatile amid interest rate changes.

RBI's Rate Hikes: Inflation and Growth in the Mix Ahead
RBI's Rate Hikes: Inflation and Growth in the Mix Ahead
The Reserve Bank of India is set to pump up interest rates by 25 basis points in October and December, reaching a spicy 5.75%. Nomura predicts that by February 2027, the rate hike party might come to a halt as spending cools and inflation takes a breather. Food prices are a bit of a wild card, but GDP growth is flexing its muscles! Buckle up for the economic rollercoaster ahead!
01:40 pm on Tuesday, 29 September, 2026

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