News Karnataka
Tuesday, August 09 2022
Finance

RBI Guv Shaktikanta Das informs policy rate hike by 50bps to 5.4% - 1 min read

Photo Credit : IANS

Chennai: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced the rise of policy rate by 50 basis points to 5.4 per cent.

Announcing the decision of the Monetary Policy Committee (MPC) during its three-day meeting, Das said it has been decided to increase the policy rate by 50bps to 5.4 per cent with immediate effect.

He also said the domestic economy is showing signs of broadening.

Read more:

Philippine central bank hikes interest rate to 2.5%

Bank of England hikes interest rates again

US Fed makes biggest interest rate hike since 1994

RBI rate hike a surprise as it came between 2 meetings: FM

RBI hikes repo rate by 40 bps for inflation, equities plunge

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.