Repo Rate hiked by 50bps to 4.90 percent

Daily Current Affairs / Repo Rate hiked by 50bps to 4.90 percent

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Category : Business and economics Published on: June 10 2022

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The Reserve Bank of India (RBI) hiked key repo rate by 50 basis points (bps) to 4.90 per cent in a bid to tame the soaring inflation in the country.
This the second straight hike by the central bank in 2 months and is expected to
The RBI also raised inflation forecast for the current financial year to 6.7 per cent from its earlier projection of 5.7 per cent hike borrowing costs for corporates and individuals.