Repo Rate Hike: How Will The Hike In repo Rate Affect Your EMIs ? Explained

Episode Description

India's retail inflation or Consumer Price Index (CPI), declined to 5.88 per cent in November as against 6.77 per cent in October. CPI eased sharply to an 11-month low mainly due to softening prices of food items.Good news isin't it ! But, but, but, on the other hand the Reserve Bank of India's Monetary Policy Committee headed by Shaktikanta das announced a 35 basis point hike in the repo rate to 6.25 per cent. RBI has raised the repo rate by 225 basis points this year since May. Such a steep rise in the repo rate at the end of the year won't make 2023 much of a happy new year for us. This hike in the repo rate means there'll be a hike in the EMIs and loans as well. Now you all might be wondering how much will the rise in repo rate affect your EMIs and loan repayments and what exactly does the decline in the retail inflation mean ? Explained. Also, renowned economist Mr Akash Jindal joins us on the show today to give us a clear cut take on this issue. 

 

Host & script - Rudrashis Kanjilal

Producer - Lalit

 

Clear-cut by ABP live Podcasts is a show tailored for the simple truth that there's nothing more important to a democracy than a well informed electorate. On this show, we will give a smooth rundown of the top stories of the day and talk about an issue which needs our attention because I'll be your champion of facts and the mortal enemy of innuendo, speculation, hyperbole and nonsense. I'll make no effort to subdue my opinion and make every effort to inform you of different opinions that are offbeat from my own. Listen to your clear-cut newsman Rudrashis Kanjilal from every Monday to Friday only on ABP Live Podcasts.