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RBI Monetary Policy Review | 50 bps Repo Rate Hiked touched to 5.40%


RBI MPC Meeting August 2022: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of the policy rate by 50 basis points to 5.4 percent. 

Das said, "it has been decided to increase the policy rate by 50bps to 5.4 percent with immediate effect". He also said the domestic economy is showing signs of "broadening". The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation. Both the central bank and the government have been taking steps to contain inflation which is ruling above the RBI's comfort level of 6 percent since January this year. 

pic - Internet 

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