RBI Increases Repo Rate By 50 Basis Points ...Middle East

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RBI Increases Repo Rate By 50 Basis Points
Chennai: As expected earlier, the Reserve Bank of India’s Monetary Policy Committee (MPC) increased the repo rate by 50 basis points to 5.90 on Friday. The RBI Governor Shaktikanta Das, heading the MPC, announced the hike to subdue the inflation. According to him there may be price pressure on wheat, rice and pulses due to […] The post RBI Increases Repo Rate By 50 Basis Points appeared first on Ommcom News.

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