RBI Hikes Repo Rate By 35 Bps


The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday increased the repo rate by 35 basis points (bps) to 6.25 per cent to contain inflation.

The repo rate, also called the policy rate, is the interest at which RBI lends money to commercial banks.

RBI Governor Shaktikanta Das, heading the MPC, announced the rate hike.

(Indo-Asian News Services)

Do you find this post useful?

Click on a star to rate it!

Average rating 5 / 5. Vote count: 1

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Subscribe to our Newsletter

Leave a Comment