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The country’s economy is recovering from last year’s corona epidemic and meanwhile the Rs. B. I. The move by the BJP to cut interest rates to boost the economy can now be reversed. This means that lending rates are going to rise soon.
According to Morgan Stanley, R.C. B. I. The repo rate could rise early next year. This is the rate at which the bank can meet the daily fund requirements of Rs. B. I. Borrow from The repo rate is currently 4 percent. If this is increased then the bank will have to increase the lending rates. This will directly affect the installment of those who have taken loans at floating rate. However, there will be no major increase in the installment amount but bank loans will start getting more expensive.
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Morgan Stanley economists Upasana Chachra and Bani Gambhir said that inflation is expected to hover around 5 per cent in 2022. B. I. 6% of the control is between the target. According to him, Rs. B. I. Monetary policy changes may begin in December 2021 and the repo rate may be raised for the first time in February 2022. It is to be noted that Rs. B. I. Had reduced the repo rate to 4 percent during the Corona epidemic. It was reduced to 0.75 per cent in March 2020 and 0.4 per cent in May 2020. The aim was to lower credit rates to boost consumption in the economy.
The post People who are taking loan from bank and repaying installments will have pockets loose, RBI is going to give it. appeared first on Daily Post Punjabi.
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