RBI raises repo rate by 25 basis points and puts rate cuts on ice on inflation risks
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
RBI's Monetary Policy Committee raised the benchmark repo rate by 25 basis points to address rising inflation concerns. Governor Sanjay Malhotra indicated a generalisation of inflation, with many commodities exceeding 4% inflation. Deputy Governor Poonam Gupta highlighted the…
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- 01The RBI's Monetary Policy Committee raised the repo rate by 25 basis points.
- 02Governor Sanjay Malhotra indicated a generalisation of inflation.
- 03Many commodities are showing inflation above 4%.
- 04External members expressed concern about the growth impact of an aggressive hike.