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How Change in Interest Rates Affects Our Finances

How Change in Interest Rates Affects Our Finances

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Reserve Bank of India’s monetary policy has become a key event that every market participant looks for and  anticipates what action will the RBI Governor, Raghuram Rajan, take. The central bank uses monetary  policy tools to keep the economy maintain its fast  growth, contain inflation and create a healthy business  environment. Here’s a look at how your finances are  affected by change in interest rates.

Effect of interest rates on finances

 

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