Repo rate hiked by 50 bps to 5.9%, FY23 inflation forecast retained at 6.7%
The meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) ended today.
RBI Financial Strategy: Shaktikanta Das has declared an increment of 0.50 percent in the repo rate
The central bank is constantly expanding the repo rate to control expansion.
Keep going month on August 5, RBI expanded the repo rate by 0.50 percent.
Including today's hike, the central bank has increased the repo rate four times since May.
Shaktikanta Das has announced a 50 basis point increase in the repo rate.
We expect inflation to exceed 7% in September, says RBI Governor Shaktikanta D
Detail about RBI Hike on Repo Rate
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RBI REPO RATE