RBI hikes Repo Rate by 50 basis points to 5.9pc

Sep 30, 2022

Mumbai, Sep 30 (ANI): Amid rising inflation, and slump in rupee to its record lows, The Reserve Bank of India’s Monetary Policy Committee (MPC) decided to rise repo rate by 50 basis points to 5.9pc. While addressing a Press Conference in Mumbai, RBI Governor Shaktikanta Das said, “Based on the assessment of the macroeconomic situation The Monetary Policy Committee (MPC) decided to hike Repo rate by 50 basis points to 5.9pc.”