As predicted earlier, the Reserve Bank of India’s Monetary Policy Committee (MPC) in a 5:1 decision on Friday raised the repo rate by 50 basis points to 5.90 per cent. MPC chief and RBI governor Shaktikanta Das announced the hike to contain inflation. “Based on an assessment of the macroeconomic situation and its outlook, five… Continue reading RBI again increased the repo rate, the growth rate is expected to be 7 percent (Lead-1)
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