RBI increases repo rate by 35 basis points GDP projection at 6.8%
December 7, 2022 - PatialaPolitics
RBI increases repo rate by 35 basis points GDP projection at 6.8%
The Reserve Bank of India’s key repo rate was raised by 35 basis points on Wednesday as widely expected, the fifth straight increase, amid expectations that inflation has likely peaked and concerns around economic growth resurfaced. The monetary policy committee (MPC), comprising three members from the RBI and three external members, raised the key lending rate or the repo rate to 6.25% in a majority decision.