RBI raises repo rate by 50 bps to 4.90%; inflation has become global, says Governor Shaktikanta Das
RBI raises repo rate by 50 bps to 4.90%; inflation has become global, says Governor Shaktikanta Das
Source: freepressjournal.in
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RBI raises repo rate by 50 bps to 4.90%; inflation has become global, says Governor Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das said the decision to raise the policy repo rate to 4.9 per cent from 4.4 per cent, was aimed at curbing price increase...
The Reserve Bank of India (RBI) on Wednesday hiked repo rate to a two-year high.
Not only RBI and the US Federal Reserve, Hong Kong too increased its rates and England is scheduled to increase it on Thursday.
India Inc welcomes RBI MPC decision to keep interest rate unchanged, retain accommodative stance