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What RBI Lending Rate Hike Means For Those With EMIs

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The RBI on Wednesday raised its key lending rate by 40 basis points to 4.40 per cent with immediate effect. The central bank also hiked the cash reserve ratio by 50 basis points. This means that EMIs like home loans could go up. Alok Pandey spoke to a Lucknow resident, who has an over Rs 30 lakh home loan, on how this affects his life.

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