RBI hikes repo rate by 50 bps

by: Ahana Sarker

RBI hikes repo rate

RBI hikes repo rate by 50 bps

by: Ahana Sarker

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TW Newsdesk, Sep 30: The Reserve Bank of India’s Governor Shaktikanta Das has announced that the monetary policy committee has decided to increase the repo rate by 50 bps to 5.90% with immediate effect.

This is the third consecutive time that the repo rate has been increased by 50 bps since June.

With today’s hike, RBI has raised repo rate by 190 bps since May.

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