Hike in repo rate: How to modify loan instalments
– Vinod Kothari | finserv@vinodkothari.com
Based on the decision on the Monetary Policy Committee[1], the RBI, on 5th August, 2022, hiked the repo rate by 50 bps, to 5.4%. This brings the policy rate to the level where it was before the Pandemic (a brief time chart of the repo rate may be referred below). Thus, while the impact of COVID-19 may still be long and persisting, but the COVID-19 reliefs are all gone.
Read more →