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.

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RBI Financial Strategy: Shaktikanta Das has declared an increment of 0.50 percent in the repo rate

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The central bank is constantly expanding the repo rate to control expansion.

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Keep going month on August 5, RBI expanded the repo rate by 0.50 percent.

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Including today's hike, the central bank has increased the repo rate four times since May.

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Shaktikanta Das has announced a 50 basis point increase in the repo rate.

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We expect inflation to exceed 7% in September, says RBI Governor Shaktikanta D

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For More Detail about RBI Hike on Repo Rate Click on the Link Below

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