RBI hikes repo rate by 50 bps to combat inflation
This is the fourth straight increase in the last five months, which saw the rates increase by 190 basis points
This is the fourth straight increase in the last five months, which saw the rates increase by 190 basis points
The central bank official was speaking at an event in the national capital
This is the third consecutive rate hike after a 40 basis points in May and 50 basis points increase in June
For the unversed, this will be RBI’s third consecutive policy rate hike to check elevated retail inflation
UPI has become the most inclusive mode of payment in India
In May, a 40 bps rate hike was announced mid-cycle, surprising many
Reserve Bank of India (RBI) on Thursday raised key interest rate by 40 basis points to 4.40 per cent