The hike came at a point when the market was expecting it...so no surprises on that front... but the surprise was the amount of hike...that left people a bit puzzled!! So is it good or bad??
A bit of both.
The good thing is that the banks will "probably" increase their fixed deposit rates.
The bad news is that the monthly EMIs for home loan, auto loans whill go up.
Hope housewifes find it a bit easy to manage their funds... this rise in Repo and Reverse Repo is done to contain inflation.
