RBI Hikes Rates To 3-Year-High Of 5.9%, Cites "Bleak" Global Outlook

PUBLISHED ON: September 30, 2022 | Duration: 2 min, 16 sec

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The Reserve Bank of India hiked its key lending rate by 50 basis points to 5.90 per cent, a three-year high driven by elevated inflation, aggressive global central bank policies, and turmoil in financial markets.
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