RBI hikes repo rate by 0.35%, interest rate on loans set to rise

New Delhi: The Reserve Bank of India (RBI) has again increased the repo rate by 0.35 percent. With the increase in the repo rate, all types of loans are expected to become expensive and there will be pressure on the people to give more EMI. It will depend on the banks. With this, the repo rate has increased to 6.25 percent.