Before RBI’s monetary policy, 5 banks increased their MCLR! Know the new interest rate

Bank MCLR Hike: The Reserve Bank is continuously increasing the repo rate to control the rising inflation across the country, but its effect has not been shown so far. Even in the month of September, the retail inflation rate in the country has remained around 7.40%. Now soon RBI is going to hold a review meeting once again in the month of November.