Business News›News›ET TV›Repo rate: RBI Governor outlines reasons for the first hike since August 1, 2018
Repo rate: RBI Governor outlines reasons for the first hike since August 1, 2018
In a surprise move on Wednesday, RBI Governor Shaktikanta Das hiked repo rates by 40 bps to 4.40% with immediate effect. Wednesday's hike is the first since August 1, 2018. Governor laid down the following rationale behind the off-cycle rate hike
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