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RBI hikes repo rate by 50 basis points RBI
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RBI hikes repo rate by 50 basis points

India Blooms News Service | @indiablooms | 08 Jun 2022, 10:23 am

New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike  repo rate by 50 basis points to 4.90 percent.

At present the Repo Rate is 4.40 percent.

The central bank had hiked Repo Rate by 40 basis point last month.

RBI Governor Shaktikanta Das said: "The MPC voted unanimously to increase the policy repo rate by 50 bps to 4.90 percent."