RBI Hikes Repo Rate By 50 Basis Points To 5.90%
RBI Governor Shaktikanta Das announces that RBI "increases the policy repo rate by 50 basis points to 5.9% with immediate effect."
RBI has hiked the repo rate for the fourth time in a row, by 50 BPS to 5.90% with immediate effect. RBI Governor Shaktikanta Das announced on Friday that the Reserve Bank of India (RBI) increased the policy repo rate by 50 basis points to 5.9%.
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