RBI Announces Another Rate Hike To Tame Inflation

PUBLISHED ON: June 8, 2022 | Duration: 4 min, 34 sec

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The Reserve Bank of India raised its key interest rate by 50 basis points on Wednesday, taking the repo rate to 4.9 per cent, and raised its inflation projection for the current fiscal to 6.7 per cent, well above the upper-end of its target range of 2-6 per cent.
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