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HDFC Bank Raises MCLR, Home Loan EMIs to Increase for Millions of Customers

The recent decision by the Reserve Bank of India (RBI) to reduce the repo rate has stirred discussions across the banking sector. As of today, the repo rate has been cut from 6.50% to 6.25%, a move that experts had long anticipated. This decrease in the repo rate generally leads banks to lower their Marginal ...