RBI Hikes Repo Rate By 25 Basis Points To Control Inflation

RBI hikes repo rate

The Reserve Bank of India (RBI) has taken a major step in controlling inflation and supporting growth in the economy by increasing the policy repo rate by 25 basis points to 6.50%. The Monetary Policy Committee (MPC) of RBI took this decision. A majority of 4 out of 6 members voted in favor to make … Read more