Live: RBI hikes repo rate by 40 bps to 4.40%; EMIs likely to go up

THE TIMES OF INDIA | May 04, 2022, 14:25:11 ISTReserve Bank of India’s MPC decided to hold an off-cycle meeting on May 2, 4 to access the macro economic situation. After keeping repo rate at the same level for 11 consecutive times, the RBI has finally opted for raising the policy interest rate. The MPC voted unanimously to increase policy repo rates by 40 bps with immediate effect. Stay with TOI for all live updates.Read Less