Shaktikanta Das told that 5 out of 6 members of MPC favored increasing the repo rate by majority

RBI increased the repo rate by 0.35%

Said – the fight against inflation will continue

RBI has increased interest rates for the fifth time in a row

Before today the repo rate was at 5.90 per cent

After this the repo rate has increased to 6.25 percent.

It is important for you to know that after this the EMI of your loan is going to increase and it will become expensive for you to take the loan

For the financial year 2023, the inflation rate is estimated to be at 6.7 percent

The RBI governor also said that inflation is likely to remain above 4 percent for the next four months