RBI raises repo rate by 25 bps to 6.5%
RBI now sees inflation averaging 6.5 per cent in the current 2022-23 financial year and at 5.3 per cent in 2023-24
RBI now sees inflation averaging 6.5 per cent in the current 2022-23 financial year and at 5.3 per cent in 2023-24
The RBI said the deadline will be extended in a phased manner by December 31, 2023
The Reserve Bank of India (RBI) on Wednesday lifted restrictions related to Mahindra & Mahindra Financial Services
RBI Governor Shaktikanta Das also said that a premature pause in monetary policy action would be a costly policy error at this juncture
The RBI has raised the repo rate (the rate at which it lends commercial banks) in each of the policy meetings since May 2022
This is the 10th consecutive time that the CPI print has come above the Reserve Bank of India's (RBI) upper margin of 6%
This is the fourth straight increase in the last five months, which saw the rates increase by 190 basis points