RBI MPC meet outcome: The apex bank has so far raised the repo rate by 140 basis points since embarking on a tightening cycle at an unscheduled policy meeting in May this year.
In a decision taken today by the Reserve Bank of India during its Monetary Policy Committee (MPC) meeting that started on August 4 and concluded today, Shaktikanta Das, governor of the central bank, announced the increase in repo rate by 50 basis points to 5.40 per cent
The Reserve Bank of India (RBI) has hiked repo rate to tackle inflation. However, the question remains whether the central bank will be able to achieve its desired results or not.