Business News›News›ET TV›RBI MPC meet: Recovery in domestic economic growth seen, but inflation a major challenge; Rep rate hiked by 50 BPS to 4.9%, says Shaktikanta Das
RBI MPC meet: Recovery in domestic economic growth seen, but inflation a major challenge; Rep rate hiked by 50 BPS to 4.9%, says Shaktikanta Das
The MPC unanimously voted to increase the policy repo rate by 50 basis points to 4.90% and keep policy stance ‘withdrawal of accommodation’. After May’s surprise 40 basis-point off-cycle hike, Shaktikanta Das and co were widely expected to hike the rates again in this monetary policy meet.
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