One of the biggest impacts of the RBI decision is the rise in the EMIs you pay on home, auto, and personal loans. There will be a corresponding rise in the interest rates offered by banks of fixed deposits as well. while repo rates rose by 225 bps between May and December, average interest rates on loans were up 137 bps, and deposits were up a massive 213 bps. Tune in to listen to Teen Jain Personal Finance Editor of Business Today to understand the impact of RBI's decision and how it will impact your loans.