News Karnataka
Tuesday, August 09 2022

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:

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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

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