Business Blog: No impact on EMIs as RBI keeps repo rate unchanged at 6.5%

Wednesday, August 9, 2023

No impact on EMIs as RBI keeps repo rate unchanged at 6.5%

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% for the third time in a row. The decision was unanimous, according to RBI Chief Shaktikanta Das. The RBI has raised repo rates by a total of 250 basis points since May 2012 to tackle inflation and to ensure retail inflation remains at 4% with a margin of 2% on either side.

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