Loans to get costlier as RBI hikes key lending rate to 3-year high: The Reserve Bank of India hiked its key lending rate by 0.5 per cent to a three-year high of 5.90 per cent, which will weigh heavily on the already stretched budgets of Indian households dealing with a rise in prices of almost every item.
The 50 basis points hike marks the fourth consecutive increase since May 2022. The rate hikes were made necessary by inflationary pressures, the situation in Ukraine, and microeconomic uncertainty in advanced economies from aggressive central bank policies g Read More
The posts listed here are from various news sources and express only early views about Seventh Pay Commission. The SPC report will be published only in April. So dont take these posts for authenticated info.