RBI lowers its projected GDP growth to 6.8% while raising the repo rate by 35 basis points to 6.25%.

RBI lowers its projected GDP growth to 6.8% while raising the repo rate by 35 basis points to 6.25%.

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RBI lowers its projected GDP growth to 6.8% while raising the repo rate by 35 basis points to 6.25%.

The Reserve Bank of India raised its benchmark lending rate to 6.25 percent, an increase of only 35 basis points. With this most recent increase, the RBI’s rate-setting council has increased the repo rate by a total of 225 basis points this year to combat inflation. On Wednesday, the Monetary Policy Committee of the RBI … Read more

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