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In an unexpected move, the Reserve Bank of India (RBI) on Wednesday increased the repo rate, the rate at which it lends to commercial banks, by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation that crossed 6 per cent for three successive months. As a result, EMIs of home, auto an
According to V Swaminathan, Executive Chairman, Andromeda and Apnapaisa, the rate hike was on the cards as the policymakers were under immense pressure due to the rising inflation in the country and at the global level, , inflation, rate hike, RBI Governor Shaktikanta Das
The Reserve Bank of India's surprise move is an attempt to stem rising inflation.
The Reserve Bank of India's surprise move is an attempt to stem rising inflation.
Andhra Pradesh has significantly increased the size of its Budget from Rs 2,08,107 crore for 2021-22 (RE) to Rs 2,56,257 crores for FY 2022-23 (BE), with an increment of 23%, which is highest among the States of India, said an analysis conducted by P