RBI Hikes Repo Rate By 40 Bps On Inflation Worries, Equities Plunge ...Middle East

New Delhi: Reserve Bank of India Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee (MPC) of the central bank, in an off-cycle meeting, hiked the repo rate by 40 basis points (bps) to 4.40 per cent with immediate effect. Repo rate is the rate at which the central bank lends short-term funds to […] The post RBI Hikes Repo Rate By 40 Bps On Inflation Worries, Equities Plunge appeared first on Ommcom News.

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