NewsX: Raghuram Rajan's rate googly stumps, Sensex sinks 380 points. Shocker for EMI's and loans

Get ready to shell more for EMIs as Raghuram Rajan has shocked India Inc and commoners by increasing repo rate by 0.25%. The banks will increase EMIs and interest rate hikes are on the cards. The move is being attributed to soaring inflation and curtailing CAD. This announcement by the RBI is seen as a dampener ahead of the festive season. As the EMIs will go up. Already SBI HAS INCREASED its interest rate marginally...

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