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Reserve Bank of India Governor Shaktikanta Das announced 35 basis points rake hike in its bi-monthly monetary policy meeting today. The rate hike was primarily aligned with market expectations of a 25-35 basis points hike. The repo rate now stands at 6.25% from 5.90%. ....
Apart from the decision on the repo rate hike by the Reserve Bank of India s (RBI) Monetary Policy Committee (MPC) at its upcoming meeting, one can also expect few more things post the discussions. ....
The RBI has convened a special meeting of the six-member monetary policy committee (MPC ) tomorrow on draft a letter for breaching the inflation target for three consecutive quarters. ....
Since May, Reserve Bank of India raised its short-term lending rate for the third consecutive time and cumulatively increased the key interest rate by 190 basis points. Most banks have revised their fixed deposit rates in line with repo rate hikes. ....
We view Inflation as something that increases the cost of living, often not adequately mindful of how it’s also impacting our overall quality of life. We bring to you people’s experiences to understand the phenomenon better. ....