For the first time in regime of Modi that the RBI has increased its REPO rate... though for just .25%. But even such slightest hke could be drastic in our loan driven nation. The marginal increase would mean that the home loans would be getting much costlier for the people. However here is the good news... your fixed deposits in the banks could earn much interest. The decision was probably taken to attract deposits to the banks which are suffering with lack of funds.