The Economic Times has reported a new India-focused economy development: “RBI rate hike to raise home, car loan borrowing costs.” The publisher's feed describes the story as follows: The Reserve Bank of India increased its policy rate by 25 basis points to 5.50% on Wednesday. Borrowers might face higher monthly installments or extended repayment periods based on loan agreements. The monetary policy committee unanimously adopted a stance of 'calibrated tightening' with future increases possible.
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