NEW DELHI: The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial marke.
RBI MPC Meeting December 2022 Live Updates: The key benchmark lending rate has been hiked 50 basis points (bps) thrice by RBI since this June. Get more Economy & Infra News and Business News on Zee Business.
The Reserve Bank of India's benchmark repo rate was raised by 50 basis points today, the fourth straight increase in the current cycle, as policymakers extended their battle to tame sustained above-target retail inflation rate.
The Reserve Bank of India hiked its key lending rate by 50 basis points to pre-pandemic levels of 5.40 per cent on Friday, a third increase in a row to tame surging inflation which has remained above the upper end of the central bank's target this year.