RBI hikes repo rate by 50 basis points to 5.4%

Deccan Herald 2022-08-05

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In a Press Conference on August 05 in Mumbai, the Governor of the Reserve Bank of India, Shaktikanta Das said that the Monetary Policy Committee met on August 3-5 and reviewed the macroeconomic situation and its outlook, due to which RBI hiked repo rate by 50 basis points to 5.4 per cent with immediate effect.
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