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via economictimes.indiatimes.comEconomy

RBI rate hike: Your home loan EMI just went up

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

The monetary policy committee (MPC) voted unanimously for the increase and adopted a stance of "calibrated tightening". RBI Governor Sanjay Malhotra said rate cuts were off the table for now, leaving a further increase or a pause as the choices at future meetings. The impact on…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishIndia's central bank unanimously raises rates with calibrated tightening stance; rate cuts off the table near-term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01RBI's monetary policy committee unanimously voted for a rate increase.
  2. 02The adopted stance is 'calibrated tightening' with rate cuts off the table near-term.
  3. 03Loan rates linked to external benchmarks must be reset at least every three months.

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