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More Expensive Loans? RBI's Rate Hike Impact Explained

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  • Published On: February 08, 2023
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RBI rate hike explained: Loans are set to get more expensive as the Reserve Bank of India hiked its key lending rate for the 6th straight meeting, taking it to the highest since August 2018. On the upside, interest rates on Fixed deposits are set to go up with the rate hike too.
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