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Repo Rate hiked by 50bps to 4.90 percent

Category : Business and economics
Published on: June 10 2022 Share on facebook

  • 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.
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