NDTV·2 min read·medium
RBI Hikes Repo Rate By 25 Basis Points To 5.5% Amid Rising Inflation
✦AI Summary
The Reserve Bank of India's monetary policy committee has unanimously decided to raise the repo rate by 25 basis points to 5.5%. This move is intended to combat rising inflation.
Why it matters
Interest rate hikes directly impact borrowing costs for consumers and businesses, influencing the broader economic climate.
The decision - to increase repo rate from 5.25 per cent to 5.5 per cent -…
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