The Reserve Bank of India (RBI) has announced its sixth consecutive lending rate hike.

The rate hike may lead to an increase in loan EMIs for borrowers.

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The cost of borrowing will become more expensive for consumers.

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The rate hike is a measure to curb inflation and maintain monetary stability in the economy.

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The recent rate hike is the sixth in a series of consecutive hikes by the RBI.

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It is important for borrowers to review their loan agreements and consider the impact of the rate hike on their financial situation.

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