This time, Congress spokesperson Randeep Singh Suryawala has sharply criticized the repo rate hike. The Congress spokesperson claimed that the way the Reserve Bank of India (RBI) has raised the repo rate, the general public will be in trouble because of the repo rate hike. Those who have to pay EMI will have a lot of problems.
Randeep Singh said that on May 4, the Reserve Bank had raised the repo rate by 0.40 percent. Due to this EMI became 3-4 times higher. On the same day, the repo rate increased by 0.50 percent. Those who have taken loans in different places will fall into serious problems. Rising commodity prices, unemployment, empty pockets and with it the rise in EMIs will put ordinary people in trouble.
Meanwhile, the repo rate has been increased by 50 basis points in line with the price hike. Last May 4, the repo rate was increased by 40 basis points. Congress demands As a result, ordinary people who have to repay their loans will be in trouble.
However, according to the RBI, India’s economy has remained relatively stable despite the war and the crisis. But due to the war situation, the price of goods has gone up due to the problem of supply of multiple items.