The monetary policy committee (MPC), comprising of three members from the RBI and three external members, raised the key lending rate or the repo rate to 5.90 per cent with five out of the six voting in favour of the hike, , reserve bank of india, Shaktikanata Das, repo rate hike
While some experts believe that the RBI will raise the repo rate by up to 50 basis points, others think that the quantum of increase will range from 25 to 35 basis points, , reserve bank of india, MPC Policy, Shaktikanata Das
Das said the use of coercive methods, including calling, calling in abusive language, by the debt recovery agents, is not acceptable and RBI is taking serious note of such incidents , , financial business, Shaktikanata Das, rbi governor, reserve bank of india
The MPC after its meeting on May 2 and 4 had recommended raising the key interest rate (repo) by 40 basis points. The rate was hiked with immediate effect. It was the first hike since August 2018, , mpc minutes, rbi governor, inflation, Shaktikanata Das