By Venkatachari Jagannathan
Chennai, Dec 7 (SocialNews.XYZ) Even as the Reserve Bank of India (RBI) is hiking repo rate to control inflation, home loan borrowers will see their equated monthly instalment (EMI) turning inflationary, say in a month's time, said officials from housing loan companies.
On Wednesday, the RBI hiked the repo rate by 35 basis points.
The repo rate is the rate at which RBI lends to commercial banks. Housing finance companies in turn borrow from th......