RBI hikes repo rate


September 30, 2022
UPDATED: September 30, 2022 10:43 IST
The Reserve Bank of India (RBI) hiked the repo rate by 50 basis points. (File photo)

HIGHLIGHTS
The RBI on Friday hiked the repo rate by 50 bps to 5.9 per cent.
This is RBI's fourth repo rate hike in the current financial year.
Earlier in August, the central bank increased the repo rate to 5.4 per cent.

  • https://www.indiatoday.in/business/story/rbi-hikes-repo-rate-basis-points-2006570-2022-09-30

Comments

  1. This was the fourth straight rate hike and the third half-percentage point hike. The central bank has now raised rates by 190 bps since May.

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  2. Reserve Bank of India has increased the repo rate or prime lending rate by 50 basis points to 5.90 per cent, RBI Governor Shaktikanta Das said while announcing the decisions of the Monetary Policy Committee (MPC). The central bank had hiked repo rate four times since May to the recent 5.90 per cent.

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  3. RBI is the head of all bank in India

    ReplyDelete

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