Loans May Get Costlier as RBI Raises Repo Rate to 6.25% in First Spike Since January 2014

A hike in the rates will increase the lending rates by the banks to maintain their profit margins, adding pressure on the common man to pay up more money on loans, pinching the politically important middle class and weakening the already lagging investment climate in the country.

from Top Business News- News18.com https://ift.tt/2M3q4Ys