In this episode of the India Growth Mission Council with Tamanna Inamdar, we will deliberate on the high-interest rates & investing. In the recent developments, Reserve Bank of India Governor on Wednesday announced a 40-basis point hike in the repo rate to 4.4 per cent. This is the first hike in the repo rate since August 1, 2018, when the central bank raised it by 25 bps to 6.5 per cent. While the repo rate hike will come into effect immediately, the central bank has also increased the Cash Reserve Ratio (CRR) by 50 bps to 4.5 per cent, effective from May 21, 2022. The latest announcement by the central bank could impact the borrowers as it could increase their EMI burden. On the other hand, this could come as a relief for FD investors as they can look forward to better returns on new FDs. Meanwhile, we are joined by several experts including PV Subramanyam and Harshvardhan Roongta who share their assessments of the scenario with us. Watch the entire video to know more!

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