Home, auto and other loan EMIs are likely to increase soon after the Reserve Bank of India hiked its key interest rates. In an effort to tame inflation that has remained stubbornly above target in recent months, Monetary Policy Committee unanimously voted to increase Reverse Repo Rate by 40 basis points. Therefore should the floating rate borrowers foreclose their loan to avoid sudden bump up in EMI or should they extend their loan tenure? Hiking of interest rates will also mean the Fixed deposit returns will perk up, so what should you be your fixed income strategy be going forward? Get all your questions answered as we speak to Anil Rego, Founder & CEO of Right Horizons on today’s episode of The ET Money Show
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