RBI's First Rate Hike In 4 years, What Becomes Costly?

PUBLISHED ON: May 4, 2022 | Duration: 2 min, 02 sec

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The Reserve Bank of India on Wednesday announced a hike in the repo rate by 40 basis points, a first in almost four years.  The central bank's surprise move comes as a measure to control the persistent high inflationary pressure.
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